The USDC vault on @GearboxProtocol, curated by @Re7Labs, is already at ~30% APY with over $8M supplied.
There are 19 other ways to farm through Etherlink’s Apple Farm.
Here's a quick overview 🧵
1/➣ 30% APY
The stable yield on @GearboxProtocol on the Etherlink chain has achieved a ~30% APY with more than $8m supplied and an 80% utilization rate.
Curated by @Re7Labs, the USDC is on Etherlink, which offers high yields through its farming program.
2/➣ What's Etherlink?
An EVM-compatible, non-custodial L2 powered by Tezos Smart Rollups technology.
It integrates with Ethereum tools and enables asset transfers with other EVM-compatible chains.
They allow high-yield farming through their Apple Farm incentive program.
3/➣ Apple Farm
Apple Farm is a program that boosts DeFi on Etherlink by rewarding users for providing DEX liquidity, supplying lending capital, and trading on select DeFi protocols.
Season 1 of Apple Farm has $3,000,000 in rewards that will be distributed at the end in $XTZ.
4/➣ Pools
There are currently 19 live pools in the Apple Farm.
Here are the ones I'd pay most attention to (besides the USDC one):
- Curve LBTC/WBTC: 15% APR
- Curve USDC/USDT: 19% APR
- Superlend WXTZ: 16% APR
Entire list here:
➣ That's a lower-risk play, but you can farm much more by taking more risk.
You can hold xU308 and get a 7.6% APR and $176 per day (per $1000 deposit).
If you're ready to embrace volatility and higher risk & higher rewards, it's for you.
5/➣ Final Thoughts
I've already deposited some USDC into the Gearbox vault and am praying that the APR will maintain at these levels for some time more lol.
If you are searching for a farm to throw some idle capital into, definitely consider it.
Also, follow these chads for the best alpha content ↓
➣ @DeRonin_
➣ @arndxt_xo
➣ @TheDeFinvestor
➣ @the_smart_ape
➣ @poopmandefi
➣ @0xAndrewMoh
➣ @eli5_defi
➣ @izu_crypt
➣ @DOLAK1NG
➣ @splinter0n
➣ @0xTindorr
➣ @TheDeFiPlug
➣ @CryptoShiro_
➣ @RubiksWeb3hub
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