[Weekly] Market Return on StableCoin-based Strategies(27 Dec 2021)

  • Risk Free Rate: 3.22%. Risk free rate, representing the safe yield from Compound, Aave and Curve, was a lot higher than last week’s 2.74%. Over the past week the market moved up significantly, with ETH breaking $4000 again and Defi protocols moving up 10%-20% in general.
  • Curve/Yearn/Convex: The Curve/Yearn Large-Cap Benchmark Rate is now 14%, higher than last week’s 11%, due to a major correction of $CRV. $CVX also inched up due to announcement of launch of Frax Finance markets. Yearn has made major moves as well with an intention of making a Curve-like staking program.
  • Other Stablecoin Platforms: the yields vary from 6% ~ 23%, and averaged 14%, marginally higher than last week’s 13%. mStable’s pool topped this category this week again. After Fei Protocol’s merger with Rari Protocol, $TRIBE price went up a bit as holders were generally positive about this merger. Vesper’s new initiatives like Earning Pool and Aggressive Pool did not generate much TVL for the protocol, but as a result the yields remained decent (not reflected in the above table). Idle Finance has launched a tranching product and our analysis will follow this week.
  • Other (non-USD stablecoin or non-Ethereum) platforms, aka Exotic Strategies: Exotic strategies are delivering 5% to 48% yield now. Fixed Forex’s EUR pool in Yearn has topped this category.
  • Uniswap/Alpha: Uniswap earnings were still not strong last week, for half stablecoin, half ETH pairs, despite there being an upward move in the market.
  • Binance Coin-Margined Funding Rate: funding rates remained low but all positive last week.

--

--

--

Zero risk and 20% return - risk neutralised cryptocurrency fund.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Your $ 10,000 Monthly Salary is on the Way. Click to Receive

How to Raise Capital using Crypto

Who Gives Bitcoin its Value?

InsureDAO Smart Contract

Quidafund, Reviews Trends in Crypto with Myriam Vega: The Evolution of Crypto Mining

Huobi ECO Chain integrated into AnySwap. Use HT to farm ANY.

Cryptocom Welcome OniBits!

Web 3.0 will be owned by creators and value will be exchanged through crypto

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
The Serenity Fund

The Serenity Fund

Zero risk and 20% return - risk neutralised cryptocurrency fund.

More from Medium

[Weekly] Market Return on StableCoin-based Strategies(24 Jan 2022)

Frax Finance: The first fractional-algorithmic stablecoin

Decentralized Exchanges Risk

Pickle Finance Integrates Chainlink Keepers to Automate New Uniswap V3 Jars

Pickle Finance x Chainlink logos with Pickle Jars on each side