Thread by @phtevenstrong

Here's how to avoid leverage and get >10% APR.

For the love of the game...

🚨A NON-LEVERAGED STABLECOIN THREAD🚨

🧵👇

1) @pendle_fi

This is a no brainer both because the yields are consistently over 10% and because you get a FIXED RATE return.

Right now, you can lock in 18% APR on a number of great options for over 80 days.

2) @infiniFi_

Infinifi's effectively a Pendle PT ETF that allows you to choose your duration exposure.

You can choose to be immediately liquid (siUSD) or have a 1 – 13 week unlock (yielding the entire time).

Yes, I use en dashes; no, I'm not an AI; yes we exist.

9 – 17% APY

3) @gauntlet_xyz

Gauntlet is the king of curation.

They're currently getting 11.7% APY on their Gauntlet alpha vault, which has no fee to enter nor exist and currently no performance fee either.

And you can withdraw into USDC whenever you want.

4) @GearboxProtocol

There are FOUR great lending campaigns right now on Gearbox boasting >10% APY.

➢ USDC on @etherlink: 30%
➢ USDC on @hemi_xyz: 17%
➢ USDC on @ethereum: 16% (@ResolvLabs)
➢ USDC on @ethereum: 14% (@FalconStable)

5) @noon_capital

Noon has good base yields on sNOON (8-13%) BUT if you want to get consistently over 10%, there are TWO great Curve pools on @TacBuild.

➤ sUSN/USN: 16%
➤ USN/USDT: 17.5%

6) Two to look out for...

@solsticefi and @neutrl_labs are both launching soon.

➢ Solstice: 19%
➢ Neutrl: 29%

Solstice aims to be the Ethena of Solana (and is very well positioned to do so).

Neutrl is a strategy vault that taps into OTC basis for a large yield boost.

7) @protocol_fx

fxSAVE is one of the best vaults out there.

Currently at 13.65% with a projected APY of nearly 16%.

You can enter and exit this fxUSD stability pool with USDC, and its historical rates have been great.

8) @hylo_so

Hylo has a stability pool where you can consistently get 10-20% APR on shyUSD.

One of the best stablecoin yields on @solana.

10) @syrupfi on @DriftProtocol

This one takes a bit of savvy.

But right now syrupUSDC is getting 12% APY for being used as margin on Drift.

That means you can run a Basis trade using syrupUSDC and get a really nice net yield.

Running a 2x short on $HYPE and then using @pendle_fi to fix a 15% APR on the long...

1/3 capital in syrupUSDC at 12%
► Net: +4%
Opening a 2x short on Hype at 15% average funding
► Net: +10%
Longing 2/3 capital in PT-vkHYPE at 15%
► Net: +10%

Total strategy APR: 24%

11: BONUS

Not really stablecoin, but look at @JupiterExchange's JLP go again...

It remains one of the best delta-muted ways to be exposed to crypto/defi.

And if you LP it against USDC on @MeteoraAG...

That's it for now. Surely there are many more, but again, this was for non-leveraged >10% APR yields that are pretty sustainable and low maintenance.

Thanks for reading!