Original | Odaily Planet Daily ( @OdailyChina )
Author: Azuma ( @azuma_eth )
The market has gradually entered a boring stage, but for brick-moving, there is never a so-called garbage time.
In the past three weeks, we have shared three issues of U-based Financial Management Strategy More Suitable for Lazy People (February 24) , U-based Financial Management Strategy More Suitable for Lazy People (March 3) , and U-based Financial Management Strategy More Suitable for Lazy People (March 10) . It aims to cover the relatively low-risk return strategies based on stablecoins (and their derivative tokens) in the current market (systemic risks can never be ruled out), and help those users who hope to gradually expand the scale of funds through U-based financial management to find more ideal interest-earning opportunities.
Updates will continue this week, and Odaily Planet Daily will continue to focus on the latest trends in the U-based financial management market.
Base rate
Odaily Note: The base interest rate is tentatively set to cover the single-currency financial solutions of mainstream CEX, as well as mainstream DeFi lending, DEX LP, RWA and other DeFi deposit solutions.
Single-currency financial management within CEX is still not recommended, except for the amount that can be subsidized (generally within 500 U).
One more thing to add is that last week Binance Wallet launched Bubblemaps (BMT) with a single number profit of about 70 USDT. Although this does not fall into the category of financial management, from the perspective of arbitrage, this opportunity is a must-go, and the more numbers the better. BNB chips can be mortgaged from Venus, and the entire process of borrowing and repaying on a single day is almost lossless.
In terms of DeFi, you can consider depositing your active funds into the following pools.
Fluid was deployed to Polygon last week. The current APR for USDT single-currency deposits is 11.91% (paid in the form of POL incentives) - Fluid itself is a mainstream EVM protocol with certain security guarantees, and Polygons entry and exit wear is also extremely low, which is more suitable for low-risk players who are looking for a higher interest-earning path for their active cash;
Meteora had already withdrawn its investment, but the team reiterated the content about LP incentives (translation: airdrops) last week, so it went back in... Although the team has some scandals in terms of market manipulation, the product itself is still performing well, so you can consider investing. Through the Kamino Liquidity portal, Meteora FDUSD-USDC LP now has an APY of 8.28%, and you can also earn Meteora points at the same time - others such as Orca FDUSD-USDT LP have a higher APY (14.78%), but there is no airdrop expectation, so the specific choice varies from person to person.
Some other small ecosystems can reap higher returns and at the same time gain points from the ecosystem or protocol (expected airdrops), such as Shadow on Sonic, Kyo on Soneium, and Echelon on Aptos . I have recommended them in the past, so I will not go into details here.
In addition, DWFs stablecoin project Falcon can also get higher returns , but access requires application for whitelist. For details, please see Annualized 22.6%, how Falcon Finance, supported by DWF partners, achieves high returns .
Pendle Zone
Let’s talk about fixed income first. The real-time ranking of PT yields of major stablecoin pools in Pendle in the mainstream ecosystem (Ethereum mainnet, Base, Arbitrum, BNB Chain) is as follows.
This weekend (March 23), Ethenas third season airdrop will end. Users who have invested in USDe and sUSDe in the form of YT and LP in the early stage are expected to see the results of receiving rice soon. At that time, they can consider whether to participate in the fourth season based on the actual income.
If you are willing to invest your assets in a small-scale ecosystem, you can achieve an APY of up to 20.24% by forming an LP in the Sonic aUSDC pool (PENDLE needs to be pledged, and the APY is 9.495% without pledge). In addition, you can get 10 times the Soinc. I personally think this is also the most brainless and relatively efficient way to participate in the Sonic ecosystem.
Other Opportunities
Let’s continue talking about Sonic (by the way, please fill in the invitation code: OO5ZUD ). I personally think that this is already one of the most diverse DeFi ecosystems at present, and there are different participation strategies suitable for different risk tendencies.
For example, since lending protocols such as Silo already support some Pendle PT as collateral, this brings more revolving loan opportunities to users , thereby achieving higher yields and faster score brushing.
For example, @defi_mago recommends this revolving loan strategy : deposit USDC into Rings to exchange for scUSD ➡️ scUSD is pledged to exchange for stkscUSD ➡️ stkscUSD is pledged again to exchange for wstkscUSD ➡️ wstkscUSD is exchanged in Pendle to buy wstkscUSD PT ➡️ Pledge wstkscUSD PT in Silo and borrow USDC ➡️ Repeat the cycle to achieve 117% APY (directly quoted from @defi_mago data, not personally tested) + multiple points...
Except for more professional DeFi players who are diligent in monitoring their positions, I personally do not recommend that ordinary players repeat this strategy, because the extension of the path and the increase in leverage will inevitably introduce additional risks.
In addition, looking back at Noble mentioned earlier, because users are so enthusiastic about depositing money in the points pool, the boosted yield pool (Boosted Yield Vault) has risen to 17.2% (the funds in the points pool cannot generate interest, and the profits are transferred to the yield pool)... I personally think that it is appropriate to divide the deposits into different warehouses, so that we can have both.
The focus of this issue is that the derivatives trading agreement Vest launched a points plan last week - Vest recently completed US$5 million in financing, with investors including BlackRock, Jane Street Group, etc., so the follow-up is worth looking forward to.
Currently, if you deposit LP directly with stablecoins in Vest, you can get about 15% APY, and you can participate in mining points at the first time.
You must be thinking about the incident last week where Hyperliquid’s HLP was reversed by a whale… The founder of Vest has explained how to avoid this situation. Please consider participating according to your own judgment.
Finally, let me say that the systemic risks of DeFi can never be completely eradicated. Please bear the risks at your own risk and DYOR.
