One must heed the call. 🚨BEST STABLECOIN YIELDS OCT🚨 Let's see how many break 40% APR this time... Bookmark for the culture. 🧵👇
What are your favorite protocols to get stablecoin yield at the moment?
1) @reservoir_xyz yields are remarkably slept on. Remember, wsrUSD has no fee to redeem. @MorphoLabs Loops: ► wsrUSD/USDT | Eth: 54% APR ► wsrUSD/USDC | Eth: 30% APR ► wsrUSD/pUSD | Plume: 53% APR Season 1 was one of my better airdrops this year. Looking forward to S2!
2) @kamino et @maplefinance TWO THINGS. a) CASH (stablecoin from @phantom) has incentives for borrowing b) USDG has a low borrow cost As a result, you get a ❧ 30% APR loop with USDG ❧ 114% APR loop (soon to dilute, surely) with CASH
3) Absolutely insane cook on @arbitrum DRIP incentives have pushed the borrow cost against syrupUSDC on Morpho down to 2.27%. Net APR (10x lev): 74% ► $24M to borrow
4) You can lend for 16% to 25% on @GearboxProtocol Unfortunately, borrows are maxed out, so no looping, but if you can snipe available liquidity, you can get some sweet yields. Manually looping recommended on newer chains always.
5) Speaking of manual looping... @eulerfinance and @avantprotocol These yields have consistently been >40% APR. GRANTED, I would still recommend NOT TO AUTO-LEVERAGE. In fact, I would really only recommend this to cheat loopers because there's a 24hr redemption period for savUSD, so unlooping natively is untenable at NAV. Great yield though, senior tranche risk, decent liquidity.
7) Gold mine that is @DriftProtocol funding rates. ► 7-9% APR on Margin. ► 68% funding on $ASTER shorts Hold spot, short perp Funding Rate Arbitrage at 2x leverage: 48% APR
8) @pendle_fi We can take a second look at sUSDai PTs now that we're only 3% overpeg. 35% net APR after considering the repeg. Incredible stuff there, imo.
9) Alpha: @solsticefi xUSD coming to @kamino by EOW... Being able to loop up a 10% yield bearing stable on Kamino will be a game changer. I'm hoping for 15%-30% leveraged APR + Points. Use code "dojo" for extra points
23.85K
152
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.