I'll also include my preferences when it comes to bridging too
Fees are based on bridging 1 ETH or equivalent in $ value.
Orbiter Finance @Orbiter_Finance
Fees - $3-5 (0.05% + withholding fee)
Time - Sub 30s
Support - Most L2 chains, (not L1's/NonEVM)
Also has no token - points mean prizes!
Circle CCTP via Bungee @BungeeExchange
Fees - $1, 0% slippage though!
Time - Slow, always 20-30 mins
Supports - Only USDC but the best way to transfer USDC anywhere!
1 million dollars and next to zero cost, I like this a lot even though it takes 20 mins
Across @AcrossProtocol
Fees - sub $1
Time - Quick, usually 1-2 minutes in my experience
Supports - Only 7 EVM chains, not the biggest variety
For a quick bridge not bad + if you use ref links, can make back some fees with ACX rewards
Portal (Wormhole) @wormholecrypto
Fees - Almost 0 (not including gas)
Time - Dependent on chain used (can be 10+ mins)
Support - Wide range of chains including Cosmos, Aptos, Sui & Solana
Terrible experience with wrappers.
You have to check if theres liquidity before bridging!
deBridge @deBridgeFinance
Fees - $3 + slippage and gas
Time - Sub 30 seconds
Support - Main EVM chains + SOLANA
They also have token swaps across chain too which is a game changer for me!
No token 👀
Stargate (LayerZero) @StargateFinance
Fees - $1-5 + gas
Time - less than 5 mins, sometimes long!
Support - wide range of EVM chains (but not all can transfer between each other which is annoying)
Rarely use this now given fees
Synapse @SynapseProtocol
Fees = $1-3, generally a little more slippage than other places
Time - 1-3 mins
Support - does support some niche EVM chains including Canto and Metis.
Not much for me to use and do here
Squid Router @squidrouter
Fees - generally pretty good, low
Time - Slow, 30 mins usually for me
Support - The best for Cosmos x EVM by far, the main way I get into/out of cosmos
Main bridge I use for Cosmos eco
To summarise my favourites:
For L2 - L2 bridges - @Orbiter_Finance because of low fees and speed
For stables (I use USDC typically) - @circle via @BungeeExchange is my favourite
Solana - @deBridgeFinance, so fast!
Cosmos - @squidrouter, only option
Thanks to @cryptoaioli and @563defi for helping with some of these too, good chads, go follow them.
Let me know if theres anything missing? What is your favourite?
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In this thread I will show you how to make high double digit yields on your BTC, ETH and Stables.
Welcome back to Farms of The Month - September 2024
Let's dive into 13 different opportunities below 👇
BTC single sided pools on @Chainflip
Something I've recently been exploring, especially with boosted pools which offer single sided, no IL, real yield - currently almost triple digits on $BTC.
Yield comes from those paying extra to 'speed' up their BTC cross chain swaps. 💨
pxETH by @dinero_xyz
With the 2 token staking model, pxETH which doesn't earn the staking yield is heavily incentivised and that offers some great opportunities for you with double digit yields across the board.
Is there a better staked ETH product right now? 👁️
USD3 is a new stable backed by USDC, PYUSD and DAI all of which are in yield generating strategies in AAVE, Compound and DSR.
Due to @reserveprotocol's gov power, $USD3 itself can be incentivised.
Anchor Protocol was one the most popular DeFi apps last cycle attracting tens of billions of dollars of deposits.
We have a better version now & it's called USDe by @ethena_labs
In this deep dive we will cover everything you need to know it & how it pays a REAL yield of 60% APY
In this thread we'll cover:
The issue with stablecoins today
What is Ethena
Where does the yield come from?
Mechanics
USDe v Other stables
Investors
Commonly asked Questions
Wen Token? Airdrop farming
Bull Case
Bear Case
3/ Lets start with the issues we have with stables today
- Fiat backing - Like USDT/USDC
- Not resistent to inflation - Most stables
- Centralisation
- The ones that earn yield are TradFi dependent - Like DAI and FRAX
- Lack of governance
- Peg issues (CDP stables)
- Low yields
Trader Joe pools currently offer massive triple digit yields.
Lets learn about @TraderJoe_xyz liquidity book and how can you benefit!
2/ Trader Joe like Uniswap offer concentrated liquidity with the constant sum formula rather than constant product, so that users can define the specific price ranges they want their liquidity to be active within + have zero slippage!
TJ have many other features, lets explore!
3/ One of these is its liquidity book which enables zero slippage trades. This is all due to a feature known as liquidity bins.
These are domains of liquidity within a price range that you can customise to your choosing.
What are DAI and FRAX?
Backing
Yields + Source
Revenue
Future
FXS v MKR
My Personal Thoughts
3/ Maker and Frax are 2 of the leaders in the DeFi space.
What do they even offer?
Maker offer the $DAI stable coin, an overcollateralised decentralised stable coin.
Frax offer the $FRAX stable coin, a decentralised stale coin + a range of financial products built around it