[Weekly] Market Return on StableCoin-based Strategies (22 Feb 2021)

  • Last week, buying YFI and hedging it in Binance to earn the funding rate is still a good idea. And the same case for other tokens.
  • 1Inch continued to provide better yield than Uniswap and Sushiswap. We expect its mining rewards to continue a while longer.
  • Compound continued to provide good yield.
  • Curve has been providing strong yield as well as diversity, adding quite a number of pools in the last two weeks.
  • Idle Finance (Best-Yield, USDC): 32.1%
  • KeeperDao (Dai): 38.0%
  • mStable (imUSD Vault, no lock of vMTA) : 34.6%
  • Huobi Eco Chain and Mdex delivered superior returns as MDX price rocketed. It’s over 50% now but it might not last too long.
  • Mirror Protocol was performing great and its gold (IAU)-UST and silver-UST pairs delivering over 180% to 250% APYs. It’s synthethic asset price came down to the normal level but MIR price went up.
  • Vesper Finance has started mining this week and its yield has stablised at around 80%.

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The Serenity Fund

The Serenity Fund

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