👨🌾Leveraged Stablecoin Yields With Extra Finance
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Each week we will provide options to earn yield on ETH, WBTC, stablecoins, and other major tokens.
- ETH: Up to 67% APY looping ETH 4.3X on Metronome Smart Farming
- This yield is accrued in all ETH yield.
- Then, one can supply vaETH or WETH as collateral on Metronome Smart Farming on Optimism and loop up to 4.3X (assuming Health Factor = 1.02).
- Caution: This is a like-asset leveraged ETH position that could get liquidated if borrowers do not maintain a health factor > 1.
- Stablecoins: Up to 122% APY with a 5X leveraged USD+/DOLA LP on Extra Finance
- This yield is accrued in VELO emissions.
- To participate, one must deposit USD+ and/or DOLA into a 5X leveraged Velodrome LP via the Extra Finance app here.
- Caution: This is a leveraged position that could get liquidated.
- WBTC: Up to ~21% net APR looping WBTC 3.33X on Radiant Capital on Arbitrum
- This yield is accrued in WBTC borrowing interest and mostly RDNT rewards.
- To participate, it requires a leveraged WBTC/WBTC position with 5% of the value of the looped position in the 80/20 RDNT/ETH Balancer LP.
- The RDNT LP must be staked for 12 months to achieve 21% APR.
- One must deposit WBTC into Radiant here and loop 3.33X here + zap into an LP staked for 1-12 months.
- Caution: This is a leveraged WBTC position that could get liquidated if borrowers do not maintain a health factor > 1.
- ARB: Up to 7% net APR looping ARB 1.66X on Radiant Capital on Arbitrum
- This yield is accrued in ARB borrowing interest and mostly RDNT rewards.
- To participate, it requires a leveraged ARB/ARB position with 5% of the value of the looped position in the 80/20 RDNT/ETH Balancer LP.
- The RDNT LP must be staked for 12 months to achieve 7%.
- One must deposit ARB into Radiant here and loop 1.66X here + zap into an LP staked for 1-12 months.
- Caution: This is a leveraged ARB position that could get liquidated.
- OP: 17.94% APY lending OP on Extra Finance on Optimism
- The yield is ~50% lending interest in OP and ~50% EXTRA rewards.
- One must lend OP here on Extra Finance to leveraged Velodrome LPs.
- ATOM: 20% APR staking ATOM with on Stride
- The yield earned is issued in ATOM.
- To participate, one must deposit/stake ATOM here in the Stride dApp.
- BNB: 9.66% APY with the BNB/BNBx LP on Ellipsis Finance
- AVAX: 6.8% APY with ankrAVAX liquid staking
- The yield is backed by validator rewards using ankrAVAX by Ankr.
- To participate on Avalanche, one can follow the prompts to deposit AVAX here.
- SOL: 6.4% APY staking SOL with stSOL by Lido
- This is backed by SOL staking yield.
- To participate, one must deposit SOL here or buy it on a Solana DEX.
Please be aware we do not always report the highest yields because some high yields may be less sustainable due to high inflation token rewards or fewer LPs participating.
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Steer Protocol is a game-changing platform that unlocks unprecedented yield opportunities for liquidity providers through its Smart Pools. Smart Pools, provide passive yield through dynamic automation of LP management on over 5 AMMs, such as Uniswap and SushiSwap V3 with support across 10 different blockchains networks.
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Embark on your journey with Steer Protocol today and seize the opportunity to become an LP, earning not only high fees but also boosted rewards. Discover a world of unrivaled possibilities and maximize your yield potential with Steer Protocol.
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