Recently, there are two mining options on the AVAX public chain that look quite good.~ The first one is @eulerfinance. They should have received official subsidies from AVAX, and now simply depositing USDC yields 14%~ If you want to amplify your returns, you can also do circular lending, but the circular yield displayed by Euler is often not very accurate, so it's recommended to calculate it yourself first. Besides USDC, USDT and AUSD also have subsidies, and the capacity is decent. The second one is @BlackholeDex. This project surpassed Traderjoe shortly after its launch to become the leading DEX on the AVAX chain, with a TVL of 200M. Several stablecoins have good yields, but be aware that it is a v3 concentrated liquidity pool, and the range needs to be narrow enough for the yield to be high. If you're not worried about impermanent loss, you can choose the AVAX/USDC pair, and selecting a range of +/-10% can already yield 400% APR.
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