Original | Odaily Planet Daily ( @OdailyChina )
Author: Azuma ( @azuma_eth )
This column aims to cover the low-risk return strategies based on stablecoins (and their derivative tokens) in the current market (Odaily Note: systemic risks can never be eliminated) to help users who hope to gradually increase the scale of funds through U-based financial management to find more ideal interest-earning opportunities.
Previous records
New opportunities
Falcon confirms that it will issue coins
Last week, DWF Labs partner Andrei Grachev confirmed in a post on X that the stablecoin protocol Falcon Finance, endorsed by the agency, will have its points program and governance tokens.
For detailed introduction about Falcon Finance, please refer to Annualized 22.6%, how Falcon Finance, supported by DWF partners, achieves high returns .
It should be noted that although Falcon Finance still requires a whitelist to unlock all functions, ordinary users can also directly purchase USDf in the secondary market and stake it to earn income - the current staking APY is currently reported at 14.3%, and regular staking will have a certain increase.
Upshfit Mining
Institutional-grade lending protocol Upshift officially launched last week.
Upshift is affiliated with cryptocurrency broker August, which completed a $10 million financing in early March, led by Dragonfly Ventures, with participation from Foresight Ventures, Standard Chartered Bank and 6th Man Ventures.
Upshift has now launched a points program, which will provide a 5x points bonus before the protocols TVL reaches US$750 million (tentatively reported as US$215 million).
In terms of yield , the APY of the USDC main pool managed by August is currently 7.03%.
Backpack Score Arbitrage
The Backpack points program has entered its third week, and there are already many strategies for earning points on the market.
For users who want to participate in Backpack with a neutral strategy, futures-spot arbitrage (spot buying + equal short selling) may be a more appropriate solution. Calculated at the current BTC perpetual contract rate of 0.0497%, the annualized return on the funding rate corresponding to the short order is about 54.4%.
Taking into account the fluctuation of the funding rate within the platform, users can actively select contract currencies with higher real-time rate returns and dynamically adjust the arbitrage currencies. If the strategy is executed effectively, it can significantly reduce the handling fee consumption while obtaining points, and even make a small profit.
Sonic explains the issue of revolving loan points
Previous readers may remember that we once recommended a strategy for conducting USDC revolving loans on Sonic Aave, but a few days ago, Sonic team member Yohaan disclosed more rules regarding revolving loans - in short, revolving loans of the same assets will not be able to enjoy the points bonus of the corresponding leverage multiples.
Under this new regulation, only the principal portion of a revolving loan on Aave can receive a 12-fold points bonus, so individuals would be more inclined to choose to invest in the Pendle aUSDC pool as an LP without thinking, which can increase the points efficiency to 24 times.
