Original | Odaily Planet Daily (@OdailyChina)
This column aims to cover low-risk yield strategies primarily based on stablecoins (and their derivative tokens) in the current market (Odaily Note: code risks can never be completely eliminated), to help users who wish to gradually increase their capital through U-based financial management find more ideal earning opportunities.
Past Records
New Opportunities
Farcaster Deposit Activity
On October 14, the highly anticipated decentralized social media protocol Farcaster announced a USDC deposit activity on the Base chain, offering up to 10% additional rewards. Key points of the activity are as follows:
The deposit currency must be USDC on the Base chain.
Rewards will be distributed weekly (for 10 consecutive weeks, 1% each week).
The USDC portion transferred or exchanged during the week will not be counted for rewards.
When rewards start to be calculated, the USDC balance must be higher than today's balance.
The USDC reward cap for each account is $500.
Although the source of the rewards is unclear, considering Farcaster's solid financing background and good historical reputation, the risk factor is relatively manageable. Additionally, with potential airdrop expectations, participation can be considered.
Strata Mainnet Launch
The Ethena ecosystem risk-tiered protocol Strata, which was previously recommended during the pre-deposit phase, has now launched its mainnet, simultaneously starting Season 1 points activity.
The mainnet launch focuses on Strata's introduction of two derivative stablecoins with different risk and return tiers around Ethena's USDe: Senior USDe (srUSDe, lower risk + lower return) and Junior USDe (jrUSDe, higher return + higher risk).
Users who participated in Strata's Season 0 pre-deposit can mint their previous proof token pUSDe into srUSDe or jrUSDe and migrate their pUSDe LP (which was also set to expire tomorrow) to the new srUSDe LP or jrUSDe LP pool on Pendle.
Currently, the annualized return for srUSDe is reported at 4.64% (plus 30x Strata points and 30x Ethena points), while jrUSDe's annualized return is reported at 8.38% (plus 10x Strata points and 5x Ethena points). If you want to achieve higher point efficiency, it is recommended to choose Pendle srUSDe LP, which currently has an annualized return of 7.96%, plus 60x Strata points and 40x Ethena points.
Strata Portal: https://app.strata.money
Neutrl Pre-Deposit Opening Soon
At 7 PM Beijing time tomorrow, the deadline hedging arbitrage protocol Neutrl, focusing on altcoins, will open for pre-deposits. Deposits will be made on the Ethereum mainnet and later bridged to Plasma, with a limit of $50 million, supporting USDT as the deposit currency, and locked for 2.5 months, allowing users to earn both base returns and points simultaneously.
In simple terms, Neutrl is an aggressive version of Ethena (both risk and return will be amplified), buying altcoins at a discount in the OTC market while simultaneously shorting equivalent contracts for hedging profits.
In April this year, Neutrl announced the completion of a $5 million seed round financing, led by the digital asset private placement market STIX and venture capital firm Accomplice, with participation from numerous cryptocurrency angel investors including Amber Group, SCB Limited, Figment Capital, and Nascent, as well as Ethena founder Guy Young and Joshua Lim, a derivatives trader from Arbelos Markets (recently acquired by FalconX).
This is also the earliest opportunity to participate in Neutrl, and I personally tend to deposit.
Hylo Homework
The comprehensive DeFi protocol Hylo in the Solana ecosystem has recently seen rapid growth in TVL. Hylo has launched leveraged SOL derivative tokens xSOL, liquid staking tokens hyloSOL, stablecoin hyUSD, and its staking token sHYUSD.
Focusing solely on stablecoins, hyUSD itself does not earn interest, but static holding can achieve 5x point efficiency; sHYUSD has an annualized return of 19.66%, but static holding only has 1x point efficiency.
Additionally, a more efficient option is to create LPs for hyUSD and its staking token sHYUSD on Rate-X and Exponent. For example, creating an LP for hyUSD on RateX can yield an annualized return of 19.32%, while also earning 2x Hylo points and 5x RateX points.
Users considering participation in Hylo can fill in the invitation code NBJ99E, which will grant a 5% point bonus upon entry.
Hylo Portal: https://hylo.so
RateX Portal: https://app.rate-x.io
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
