Thread by @rektdiomedes

Okay anon - have you followed @CFrogE1 and @noahseidman and become @CurveFinance -pilled but want to avoid ETH gas fees? In this #FrenchChart we'll break down the best way to earn yield on $CRV outside of ETH L1!

This strategy involves the following protocols- all on @0xPolygon :
- @QiDaoProtocol
- @QuickswapDEX
- @CurveFinance

#FrenchChart inspired by the inimitable @lemiscate !

Here's the strategy:

Step One: Take your $CRV and go to @QiDaoProtocol on Polygon.

Step Two: Hit 'Create Vault'

Step Three: Select the $CRV option.

Step Four: Deposit your $CRV in the vault.

Step Five: Borrow $MAI - the @QiDaoProtocol stablecoin. @QiDaoProtocol will pay you yield in their token $QI on the amount borrowed. In the last month this has ranged from 40-80% for me.

Step Six: Take your $MAI to @QuickswapDEX and swap for $ETH $BTC or $USDC.

Step Seven: Go to @CurveFinance and deposit into the atricrypto3 pool. We will earn 20%+ APR on this. (alternately you can also utilize a stablecoin-only pool on Curve instead of atricrypto3)

So far, to recap, we have deposited 100% of our $CRV, and benefit from 100% of price appreciation in the token.

At the same time, the amount we've borrowed against it in $MAI - say, 40%, is now earning 40%-80% in $QI rewards, AND earning 20%+ in the atricrypto3 pool on Curve.

Additional steps:

-Take your $QI rewards and lock them in the @QiDaoProtocol protocol for 110% APR and governance rights. OR... sell them for more $CRV to add to vault.
-Take yield from atricrypto3 pool and use to add more $CRV to vault, borrowing more $MAI in turn :)

You can hypothetically be liquidated if the price of $CRV goes down substantially, so if you are worried about this, consider using your borrowed $MAI in the @beefyfinance USDC-MAI vault from @QuickswapDEX for 20-25% APR instead, so you have $MAI handy at all times.

Recap: This is my favorite $CRV strategy outside of ETH L1.

If you found it helpful please RT & follow! This is literally my first ever tweet and plan to do more #FrenchChart and similar each day :)

Massive thanks to the following accounts I have learned about $CRV and $QI from:

@lemiscate
@noahseidman
@rektfoodfarmer
@Route2FI
@CFrogE1
@bantg
@0xLaoZi
@Benjamin918_
@OhMaiGuide
@phtevenstrong
@GrayVMatter
@crypto_condom