[Weekly] Market Return on StableCoin-based Strategies(13 June 2022)

We provide a weekly update of the platforms we track, based on the strategies discussed in Serenity Fund’s Overview of Stablecoin Investments and the periodical updates.

(Note: Yields derived from mining reward tokens are based on the prices of tokens on 13 June. Yields that are cumulative, e.g. Uniswap and Compound’s basic earnings and Binance funding rates, and are actual yields over last week, compounded weekly to derive the APY.)

Quick analysis on 13 June:

  • Risk Free Rate: 0.61%. Risk free rate, representing the safe yield from Compound, Aave and Curve, was lower than last week’s 0.90%. Market declined further last week and was at its lowest of the last 12 months period. Investors are cashing out, both in terms of selling off coins and also in terms of exiting the cryptocurrency market. As a result, the borrowing rates and incentives are at the lowest levels.

The above summary is a snapshot of what the market looks like over the last week and as of Monday. This is by no means the portfolio of any of Serenity Fund. Neither is the above table meant to be a ranking table nor to be exhaustive. There are various other defi protocols and products that can offer different risk and return exposures. Follow our Twitter below to have more timely and detailed information on the defi market.

In view of the changing landscape of the DeFi industry and increasingly complex product offerings in the space, we are now publishing premium strategy papers to cover these “degen” type of protocols. For more information, please refer to our article “Launch of Premium Strategy Paper” in Medium on 9 May.

(Serenity Team, 13 June 2022, Twitter: https://twitter.com/SerenityFund )

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Zero market risk and stable return - risk neutralised cryptocurrency fund.

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The Serenity Fund

Zero market risk and stable return - risk neutralised cryptocurrency fund.