Update: @protocol_fx added another 2,500 $wstETH to the Aave Prime Instance! @aave has now ~$800M $wstETH deposited in the Prime Instance. And guess what? The native yield is still at 0.44%. No change since last time. The f(x) Protocol’s annual yield is now around $2M, or roughly $5,590 worth of $wstETH per day. That’s what DeFi at scale is all about. Predictable yield on large deposits. Only on Aave.
.@aave has $750M of wstETH earning 0.44% on the Prime instance 🤝 @LidoFinance. Builders need deep lasting liquidity with consistent predictable yield. Our friends at @protocol_fx just deposited another 3,000 $wstETH into the Aave Prime Instance, pushing their total to over 15,500 wstETH (~$50M). This capital is currently generating: → 2.7% from the embedded wstETH staking yield → 0.44% from the Aave supply APY That additional 0.44% from Aave represents a +16% increase over the native wstETH yield alone. 💰 All in, that’s a blended yield of ~3.14%, earning them roughly ~$1.57M annually, or ~$4,300 every single day at the current price. And all of that is possible on the most battle-tested protocol in DeFi. If you’re curious why the Aave $wstETH supply rate sits around 0.44% on the Prime Instance, we broke it all down here:
Show original
15.58K
72
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.