None of the current $USDC farms really compare to this.
There's a farming opportunity right now operated by institutional DeFi firms that generate over 30% APY on size
Alpha 👇
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The USDC vault on @GearboxProtocol deployed on @etherlink and curated by @Re7Labs, a DeFi firm focused on institutional-grade strategies, has gained significant traction.
It currently holds about $8M in supplied assets with an 81.64% utilization rate and a consistent > 25% APY in the past 2 months
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How does this vault compare to other USDC lending options? Here's a quick overview:
1. Aave: Typically offers 5-7% APY for USDC deposits.
2. Compound: Around 1-2% APY.
3. Morpho or Yearn: 5-10% APY, varying by risk tiers.
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The higher yields in this vault come from curated strategies involving treasury-backed tokens and Etherlink incentives like the Apple Farm program.
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Follow these exact steps to get started
1. Bridge your assets to Etherlink using the official EVM bridge (e.g., via )
2. Connect wallet to Etherlink.
3. Head to Gearbox and look for the USDC vault on Etherlink.
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3.17K
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