Thread by @Stablecoinyield

In the last days, I tweeted about the inefficiency of #yieldfarming and the rapidly dropping APY of #stablecoin pools. I also mentioned that stability and easy to use/understand protocols will win popularity. Set and forget.

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I see a lot of projects that jump on this, and want a piece of the pie. Lending, Farming and Liquidity as a service will probably be a hot topic. I will discuss a few of these (new) projects in this thread

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First off, we have @Onering_Finance. This is a relatively new Multi-Chain Cross-Stable Yield Optimizer Platform. They take care of the “heavy lifting” for you and look for the best #yield opportunities on #BSC #Polygon #FTM and #AVAX.

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@Onering_Finance The only thing you have to do is deposit your $USDT, $USDC or $Dai, and they will do the rest. It automatically (using an algorithm) finds the best yield options for users across different chains, saving users time, and streamlining the process of choosing where to invest.

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@Onering_Finance Not only that, #OneRing auto compounds profits, turning APRs into APYs to leverage yield. They claim, one can argue OneRing is set to become a cross-chain Anchor Protocol... but with higher yields.

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@Onering_Finance You can choose to stake your $Ring for boosted APY and earn #NFTs. You can also stake and farm $Ring on Spooky and Beetsfi for some serious APY. They are currently in the process of getting audited by Certik

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@Onering_Finance Now; @5table_finance. This is a project on #FTM. You simply deposit your #stablecoins and earn #yield in their token $5table. At the moment, the APY is ~28%. TVL = ~350K

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@Onering_Finance @5table_finance @5table_finance has no minimum deposits, account freezes, or sign up restrictions. It is accessible to anyone with an internet connection, anywhere in the world.

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@Onering_Finance @5table_finance @5table_finance will distribute the deposits of the contributors over different profitable stablecoin farms and pools. But that’s not everything. The $5table that you earned can now be staked to get ~100% APR paid in your preferred stablecoin!

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@Onering_Finance @5table_finance And last; @ProtoFiProtocol, I showed you some of the farms that pay 50%+ APR. But there is a lot more to it! It's a new AMM and Yield Farming protocol on $FTM which operates with a dual token system: $PROTO and $ELCT.

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@Onering_Finance @5table_finance @ProtoFiProtocol You can take a look at their #Stablecoin farming.

@ProtoFiProtocol is currently offering:
~60+% on MAI-USDC
~50+% on MIM-DAI
~40+% on fUSDT-USDC

Rewards are paid in the $PROTO token.

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@Onering_Finance @5table_finance @ProtoFiProtocol And it doesn’t stop here. There is much more to the project and with the $proto token you can also earn some crazy APY. As well as their $ELCT token, with which you can stake and earn $Dai at 200%+ APR

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@Onering_Finance @5table_finance @ProtoFiProtocol If you want to know more and like to dive deeper into the project I suggest you read @milesdeutscher his thread on Protofi:

https://twitter.com/milesdeutscher/status/1489084148774219778

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@Onering_Finance @5table_finance @ProtoFiProtocol @milesdeutscher Now let’s talk risk. All these projects are new. The first two have a very low TVL. Do your research. Protofi has an audit by Certik and is reviewed by Rugdoc.

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@Onering_Finance @5table_finance @ProtoFiProtocol @milesdeutscher If you want more threads on #stablecoin #yieldfarming strategies, and 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, pleeeaase let me know!

https://twitter.com/Stablecoinyield/status/1486427049635942401

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