gm frens 😁
With the value of the whole market going up, don't forget that you can easily borrow against your assets on QiDao. They provide loans at 0% interest, only a flat 0.5% repayment fee. Mint Mai against your assets, and then pool with USDc on velodrome. Put the LP on Beefy for 12-15% and forget it. Good yield for stables.
*NFA, DYOR
gm degen frens
FYI, tetuBAL depegged quite severely, but could be a great opportunity if you feel degen enough. You can borrow BALÐ from Aave and then form BAL-WETH and buy tetubal at a discount. Tetubal still has the underlying voting power, even if depegged, so actual APR is higher than the bribes from balancer.
Degen play for sure, but might be worth it
*NFA, DYOR
gm degen frens
For those of you who received the veTHE airdrop, checkout LQDR, they are releasing a liquid veTHE 👀 Always be careful about wrapper of locked tokens, you always have to assume risks of depegs.
*NFA, DYOR
gm degen frens
0vix has a great farming opportunity on polygon for gDai. Easy to loop and accumulate VIX + GNS rewards. Good farming for stables.
Also look at Velocore on ZkSync, yields are pretty high for safe-ish LPs like USDC-ETH, and you also have VC rewards. Good to get some transactions and activity on the network for a potential airdrop.
*NFA, DYOR
gm degen frens
Friendly reminder that LPs on SyncSwap and Polygon ZKEVM are still paying more in fees than the borrow rates on multiple lending platforms. e.g. borrow USDC at a stable 5% on aave, sell half for eth and pool in eth-usdc LP on syncswap or quickswap for 40-100% apr. Be careful when using leverage and keep a healthy ratio.
*NFA, DYOR
gm degens
With the release of polygon zkEVM, don't forget to bridge and build up your transactions on promising protocols. 0vix is one of the first lending/borrowing protocols. Once again, watch out for airdrops... 👀
*NFA, DYOR
gm degens
Second update for today, aave is giving around 2% LDO incentives for deposited stMatic on polygon. Nice place to park some stMatic and earn yield on top of the normal yield.
*NFA, DYOR
gm degens
Don't forget to bridge funds to zksync and do some trades to ensure you are considered in case of a potential token airdrop. Provide liquidity to an LP, buy an NFT, buy tokens, lock tokens, etc. Mute, zkape and SyncSwap are a great start.
*NFA, DYOR
gm degen
For those of you with an ARB airdrop, there is 2 good possibilities to generate yield. Beefy has ARB/ETH and ARB/USDC Pools with respectable yields. If you are a bit more degen, try out kyberswap, their elastic pool for ARB/ETH can generate 1300% in yield if your range is small enough.
Enjoy making money on your free money.
*NFA, DYOR