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.
Some juicy yields on @CurveFinance & @AerodromeFi
Basis trade on Hyperliquid / HLP
With funding rates increasing on certain alts, manually doing the basis trade by holding spot and shorting on @HyperliquidX is one that can generate you some income + points.
HLP is also another option as it has been for quite some time.
Timeswap @TimeswapLabs
Consistently one of the best places for high yields in DeFi. Back again with another banging pool introducing @pendle_fi PT pools for USDe
Get leveraged USDe exposure or lend stable for high double digit yields.
Protocol FX @protocol_fx
As has been the case for some time, FX stable coins have consistently offered high double digits yields for you farmers.
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? 👁️
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