Thread by @kyxoan17

Sturdy Finance (@SturdyFinance) is a new type of DeFi lending protocol that allows users to earn high stablecoin yields or take out interest-free loans on #Fantom and #Ethereum.

The most effective multi-protocol strategy for maximizing yields on Sturdy🧵👇

Disclaimer: Nothing in this post should be interpreted as financial advice; everything presented here is simply information to be shared. Before investing in anything, DYOR

Maximizing yields on @SturdyFinance plans:

1) Select chains (#ETH or #Fantom) you want to earn yields on and connect with Metamask

2) Select the stablecoins (#USDC, #USDT, #DAI) as collateral you would like to supply and click on the "deposit" button

3) Input the amount then click Continue and sign the transaction on your Metamask

4) Check the deposit overview and click on the Deposit button

5) Proceed to deposit and sign in the transaction in Metamask. Now enjoy 8.71% APY (atm) yields on your stablecoin

6) Choose the stablecoins you would like to borrow, and click on the Borrow button

7) Input the amount you would like to borrow, and sign the transaction on your Metamask

8) Check the borrow overview and health factor, and click Borrow

9) Use this amount of borrow stablecoin with 0 interest rates to start staking a make additional yields on @CurveFinance

This time, I use #USDC to deposit on Curve and earn additional 4 - 10% APY on my borrow stablecoin

10) As you now have "Curve FRAX+USDC LP," you can return to Sturdy Finance and lend it to earn additional yields to optimize your funds

Deposit your LP token here and enjoy another 4.34% APY.

11) After earning a profitable yield, you can return to Sturdy Finance to repay your borrowed stablecoins and keep the profit, or you can repeat the loop again with your earning

Cooool! 💸💰🚀

I just show you the best strategy to maximize your stablecoins earning power using @SturdyFinance 😁🤗🚀

Always DYOR before investing in anything!

If you find this thread helpful, please give me a like & retweet. Much appreciated ^^

https://twitter.com/kyxoan17/status/1555220047940820993