Thread by @Intothestables

Because there are so many options, I made a thread on #stablecoin yield on @FantomFDN.

This is in no way financial advice, merely an (incomplete) overview of some good possibilities! #DYOR

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There are many #degen strategies with high yield on @FantomFDM. This thread is to show that this #DeFi Valhalla is also a good refuge for your #stablecoins.

Here we go frens!

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We will cover the following 👇

@HundredFinance
@Screamdotsh
@GeistFinance
@SynapseProtocol
@Spirit_Swap
@SpookySwap
@tetu_io
@beethoven_x
@LiquidDriver
@spartacadabra
@QiDaoProtocol
@TarotFinance
@ElevenFinance
@RevenantFinance
@financegrim
@Reaper_Farm
@beefyfinance
@YieldWolf

Some are riskier and more complex. We will start easy by going through the single sided lending/staking options. We continue with LP, look at leverage, and we will end with optimizing yield!

I will try to stay on topic, I can’t promise anything though! :)

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@HundredFinance is a multi-chain lending protocol, and has a total of 80+ mil TVL across arbitrum, fantom, and harmony. @GarrettZ has a great indepth thread on this protocol if you want to know the details

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Currently Hundred.finance offers yield on lending your $MIM $USDC $FRAX and DAI. Hundred has some of the best yields you can obtain on #stablecoins. Depending on the amount of HND you have locked, you can obtain anywhere between 15-44% APR at time of writing.

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A good thing to know is that the rewards are paid in the native token $HND. If you want to get max APR @MulacYesac cutt.ly/kIUpzR5 has a great thread. When you don’t lock any $HND you will instantly be earning the lowest APR offered.

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@Screamdotsh and @GeistFinance are two lending/barrowing platforms. It wouldn’t be my first choice to put me #stablecoins to work here.

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At the time of writing, the APY on geist.finance is only around 5% at scream.sh it is around 15% depending on the coin. (in part) paid in their native tokens $GEIST and $SCREAM

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Sometimes it is interesting to use these protocols to borrow and loop. These strategies however take time, gas, and rarely are the best option. There are better ways to leverage your #stablecoin positions.

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@SynapseProtocol is a cross chain bridge. You can provide liquidity and stake this to earn rewards in the form of their native token $SYN. Currently, they offer ~21% APY, which is not bad.

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@Spirit_Swap + @SpookySwap + @tetu_io + @beethoven_x are dexes. Here you can provide liquidity into the #stablecoin pools. Some of this liquidity can then be farmed on their platforms to earn extra rewards in their respective governance tokens.

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By doing this, you can expect an APY of max 30%. A lot has been happening on Spirit lately, if you want to know more, @rektdiomedes has an amazing thread;

cutt.ly/bIUsSQp

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The abovementioned will probably be the most familiar strategies, since these are the most common ways to earn yield on any coin or token. The real fun begins when using optimizers. compounding can increase yield significantly! more later!

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@LiquidDriver is a yield aggregator offering Liquidity-as-a-Service on #Fantom. in my thread I will just mention the #3poolv2 from #magicland you cn provide liquidity to, but it doesnt hurt to learn more about #LiquidDriver! @milesdeutscher has a great thread!

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@MoonShotsGuy recently wrote a great thread on @spartacadabra that is worth a read. They have their own stablecoin $lambda and a Lambda2pool on curve.fi. if you go to beefy.finance you can deposit you share of the pool and earn ~21% APY.

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The real fun however starts when you use your mooCurveG3CRV receipt to borrow $lambda and leverage this. Now your yield is a sweet ~63% APY. You get this receipt by adding liquidity to the #curve pool, bring it to @beefyfinance, and stake it.

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@QiDaoProtocol has a similar thing to @spartacadabra going on. This also involves @Screamdotsh and @beefyfinance. You deposit your $Dai in the #Scream vault. You will receive a receipt, create a vault on #Qidao and borrow $miMatic with your receipt as collateral. Loop

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New to #DeFi or have limited funds? Than I wouldn’t choose the @spartacadabra or @QiDaoProtocol loops. They involve many transactions = a lot of gas. On top of that, they require navigating through different protocols. This can be overwhelming or eat into your yield.

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If you do want to use leverage but want to save yourself the gas, effort, and time... I recommend checking out @TarotFinance and @ElevenFinance.

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By adding liquidity to the right pool and leverage farming your #stablecoins on these platforms, you could see your yield go up as high as 100%+ APY on some days! (it fluctuates a lot and can go negative!)

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@shivsakhuja has an extensive thread on @TarotFinance including all the risks already, so I’m not going into too much detail here. If you are willing to take a bit of risk and like to keep it simple. Eleven and Tarot are very good options!

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It is also possible to lend your #stablecoins on Tarot and Eleven. If you choose to do this, you will often see 20%+ APY too.

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@RevenantFinance is relatively new and $Credit was recently mentioned by @Route2FI, and @juanbugeth wrote a killer thread with all you need to know.

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For my thread, it is important to know that the Creditum team added yvUSDC and yvDAI as collateral options. These appreciating tokens from @iearnfinance currently increase at 20% a year!

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With stablecoin collateral, users can mint up to 95% LTV in the native stablecoin $cUSD. Then, they head over to curveand deposit their cUSD into the Creditum pool. By doing this you can farm $Credit at ~63% APR.

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If you choose to bring it over to @financegrim or @Reaper_Farm you can count on ~87% APY, and don’t have to deal with the $Credit token.

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in short, if you choose to use @RevenantFinance for your #stablecoin strategy you can earn 20% on your collatoral and on 95% of that collatoral you could earn 87%.

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If you have $1k this means within 1 year this will have doubled. Do keep in mind you use leverage… lowering the LTV just a little might be a smart move ;)

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Last but not least, they were mentioned a couple of times already, the yield optimizing platforms! @financegrim @Reaper_Farm @beefyfinance and @YieldWolf allow you to stake your stablecoins their vaults and compound the yield for you, significantly increasing your yield.

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Doing this has its advantages and risks.

The Pro’s; less gas, more yield, no native tokens to deal with

The con’s; Protocol exploit risk, navigating multiple protocols

A good example of a recent exploit would be @financegrim.

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If you are starting out and don’t have much experience with #Defi I suggest you navigate these protocols with care, start out with the easy stuff. Stake your #stablecoins on one of te lending or yieldoptimizing platforms and read more about the other strategies.

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@financegrim and @beefyfinance offer great yield of 40%+ on single asset staking in their vaults. Examples are $FRAX and $TUSD.

Another good thing to know is not all #stablecoins are the same. Do research on each of them before you invest/swap.

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I hope you can now start your #stablecoin journey on @FantomFDN with a bit more direction and knowledge. If you enjoyed this thread, you can follow me for more! Help me by retweeting and liking the first tweet. If you have questions or feedback, please let me know!

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I’ve mentioned quite a lot of people, i’m sure they would be happy to have you follow them too! for those that are mentioned; thanks for the info! And i hope you don’t mind I used your work!

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