[Weekly] Market Return on StableCoin-based Strategies(29 August 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 29 August. 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 29 August:

  • Risk Free Rate: 0.68%. Risk free rate, representing the safe yields from Compound (USDC), Aave (USDC) and Curve (3-pool), was marginally lower than last week’s 0.72%. Last week, the market continued to decline with BTC and ETH dropping about 10%. This is the result of looming fear on further interest rate hikes and tightening of liquidity, after a strong statement from Powell on Fed’s stance towards controlling inflation.

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.

(Serenity Team, 29 August 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.