Stablecoin Income Strategy: Diversify your choices to increase your returns
At present, the U.S. dollar index is at a high level, risk assets are generally falling, and holding U.S. dollar assets has become a better choice. Many investors are looking for additional income from US dollar assets. Recently, some leading DeFi projects are also actively using idle dollar assets to generate income. This article will introduce several stablecoin income strategies to provide investors with reference.
Convex: USDD+3Crv Strategy
USDD is an over-collateralized stablecoin managed by TRON DAO Reserve. As of October 27, USDD issued 725 million, collateral worth $2.23 billion, and a collateral ratio of more than 300%. Among them, the USDC collateral reached 990 million, far exceeding the issuance of USDD, and the risk coefficient was low. Recently, a trading platform has listed a number of USDD trading pairs and waived relevant fees, which is beneficial to the development of USDD.
According to the Convex platform, the annualized yield of the USDD+3Crv pool is (APR) 19.66%, and the APR of the USDD+FRAXBP pool is 21.18%. The former contains four stablecoins, while the latter includes three. To operate, deposit supported stablecoins on Convex's USDD+3Crv pool page, and then stake LP tokens to Convex.
In the TRON ecosystem, USDD is more widely used. For example, the annualized yield of USDD deposits on a lending platform is as high as 9.52%.
Canto is an EVM-compatible DeFi public chain in the Cosmos ecosystem, with functions such as DEX, lending, and stablecoin NOTE. According to the data platform, Canto's current lock-up volume is about $100 million.
Canto's lending market shows an APR of 32.14% for NOTE/USDT LP and 29.47% for NOTE/USDC LP. NOTE is a stablecoin minted through overcollateralization in Canto, and no liquidation occurs when the collateral is USDC and USDT. It is recommended to use part of the USDT collateral to mint NOTE, then provide liquidity with the remaining USDT, and finally pledge LP tokens to the lending market.
It is important to note that Canto's cross-chain operations are relatively complex and require multiple steps for entering and exiting.
Velodrome is a decentralized exchange on Optimism, derived from Solidly developed by Andre Cronje on Fantom. With a current TVL of $82 million, Velodrome is ahead of other major DEXs in Optimism.
sUSD and LUSD come from Synthetix and Liquity respectively, both are relatively safe stablecoins. The liquidity mining APR for the sUSD/LUSD trading pair in Velodrome is 16.12%.
Helio Protocol is a liquid staking and lending protocol on the BNB Chain. Users can overcollateralize the HAY stablecoin, and the pledged BNB will be used for liquid staking. A mainstream DEX has added the StableSwap exchange entrance of HAY and BUSD, showing that HAY has a certain degree of market recognition.
Helio has a TVL of $92 million, of which approximately $20 million is in the HAY/BUSD Stability Pool LP. After a DEX provides HAY/BUSD liquidity, staking LP tokens to Helio can earn 19.77% APR.
Wombat Exchange is a stablecoin exchange DEX on the BNB chain, which has the characteristics of low slippage and shared liquidity. Its investors include a number of well-known institutions and have a close relationship with a large trading platform.
The Wombat main pool currently provides four stablecoin deposits: USDC, USDT, DAI, and BUSD, with APRs of 11.44%, 11.14%, 10.85%, and 7.57% respectively (including the acceleration of locking WOM and holding veWOM).
There are also Convex-like applications around Wombat, such as Wombex Finance and Magpie, through which ordinary users can earn higher revenues. Wombex's current TVL is about $89.49 million, and the deposit APR of the four stablecoins is between 12.71%-17.16%. Magpie TVL is about $25.9 million, and the APR is between 9.65%-14.52%.
Risk Warning: The risk of the crypto market is higher than that of the traditional financial market, and security accidents are frequent. It is recommended that investors diversify risks, gain an in-depth understanding of the risk points of each project, and make prudent decisions.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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MetaverseHermit
· 11h ago
Wallets gathering dust carry risks
Reply0
GasWhisperer
· 11h ago
mempool's looking juicy rn... stables stacking at 32% apy? count me in while gas is chill
Comparison of Six Major Stablecoin Yield Strategies: Annualized Up to 32%
Stablecoin Income Strategy: Diversify your choices to increase your returns
At present, the U.S. dollar index is at a high level, risk assets are generally falling, and holding U.S. dollar assets has become a better choice. Many investors are looking for additional income from US dollar assets. Recently, some leading DeFi projects are also actively using idle dollar assets to generate income. This article will introduce several stablecoin income strategies to provide investors with reference.
Convex: USDD+3Crv Strategy
USDD is an over-collateralized stablecoin managed by TRON DAO Reserve. As of October 27, USDD issued 725 million, collateral worth $2.23 billion, and a collateral ratio of more than 300%. Among them, the USDC collateral reached 990 million, far exceeding the issuance of USDD, and the risk coefficient was low. Recently, a trading platform has listed a number of USDD trading pairs and waived relevant fees, which is beneficial to the development of USDD.
According to the Convex platform, the annualized yield of the USDD+3Crv pool is (APR) 19.66%, and the APR of the USDD+FRAXBP pool is 21.18%. The former contains four stablecoins, while the latter includes three. To operate, deposit supported stablecoins on Convex's USDD+3Crv pool page, and then stake LP tokens to Convex.
In the TRON ecosystem, USDD is more widely used. For example, the annualized yield of USDD deposits on a lending platform is as high as 9.52%.
! Stablecoin Yield Strategy Update: USDD, Canto, Velodrome, Helio, Wombat
Canto: USDT+NOTE strategy
Canto is an EVM-compatible DeFi public chain in the Cosmos ecosystem, with functions such as DEX, lending, and stablecoin NOTE. According to the data platform, Canto's current lock-up volume is about $100 million.
Canto's lending market shows an APR of 32.14% for NOTE/USDT LP and 29.47% for NOTE/USDC LP. NOTE is a stablecoin minted through overcollateralization in Canto, and no liquidation occurs when the collateral is USDC and USDT. It is recommended to use part of the USDT collateral to mint NOTE, then provide liquidity with the remaining USDT, and finally pledge LP tokens to the lending market.
It is important to note that Canto's cross-chain operations are relatively complex and require multiple steps for entering and exiting.
! Stablecoin Yield Strategy Update: USDD, Canto, Velodrome, Helio, Wombat
Velodrome: sUSD+LUSD strategy
Velodrome is a decentralized exchange on Optimism, derived from Solidly developed by Andre Cronje on Fantom. With a current TVL of $82 million, Velodrome is ahead of other major DEXs in Optimism.
sUSD and LUSD come from Synthetix and Liquity respectively, both are relatively safe stablecoins. The liquidity mining APR for the sUSD/LUSD trading pair in Velodrome is 16.12%.
! Stablecoin Yield Strategy Update: USDD, Canto, Velodrome, Helio, Wombat
Helio: HAY+BUSD Strategy
Helio Protocol is a liquid staking and lending protocol on the BNB Chain. Users can overcollateralize the HAY stablecoin, and the pledged BNB will be used for liquid staking. A mainstream DEX has added the StableSwap exchange entrance of HAY and BUSD, showing that HAY has a certain degree of market recognition.
Helio has a TVL of $92 million, of which approximately $20 million is in the HAY/BUSD Stability Pool LP. After a DEX provides HAY/BUSD liquidity, staking LP tokens to Helio can earn 19.77% APR.
! Stablecoin Yield Strategy Update: USDD, Canto, Velodrome, Helio, Wombat
Wombat Exchange Ecosystem: Multi-Currency Strategy
Wombat Exchange is a stablecoin exchange DEX on the BNB chain, which has the characteristics of low slippage and shared liquidity. Its investors include a number of well-known institutions and have a close relationship with a large trading platform.
The Wombat main pool currently provides four stablecoin deposits: USDC, USDT, DAI, and BUSD, with APRs of 11.44%, 11.14%, 10.85%, and 7.57% respectively (including the acceleration of locking WOM and holding veWOM).
There are also Convex-like applications around Wombat, such as Wombex Finance and Magpie, through which ordinary users can earn higher revenues. Wombex's current TVL is about $89.49 million, and the deposit APR of the four stablecoins is between 12.71%-17.16%. Magpie TVL is about $25.9 million, and the APR is between 9.65%-14.52%.
! Stablecoin Yield Strategy Update: USDD, Canto, Velodrome, Helio, Wombat
Risk Warning: The risk of the crypto market is higher than that of the traditional financial market, and security accidents are frequent. It is recommended that investors diversify risks, gain an in-depth understanding of the risk points of each project, and make prudent decisions.