[Weekly] Market Return on StableCoin-based Strategies(3 Jan 2022)

  • Risk Free Rate: 3.09%. Risk free rate, representing the safe yield from Compound, Aave and Curve, was a lot higher than last week’s 3.22%. Market was turbulent last week and the risk free rate came down a bit, as more funds were withdrawn from risky investments to savings.
  • Curve/Yearn/Convex: The Curve/Yearn Large-Cap Benchmark Rate is now 13%, lower than last week’s 14%, as a result of the balance of more funds seeking safe harbour during year end and a strong $CVX and $CRV.
  • Other Stablecoin Platforms: the yields vary from 6% ~ 23%, and averaged 13%, marginally lower than last week’s 14%. Frax’s pool topped this category this week again. We have added back TrueFi to replace AlChemix, which has a declining yield. Abracadabra’s MIM is now becoming a popular stablecoin and its yield will be more than 5.7% (depositing into Curve) if they are deposited into Convex or other platforms.
  • Other (non-USD stablecoin or non-Ethereum) platforms, aka Exotic Strategies: Exotic strategies are delivering 9% to 69% yield now. Fixed Forex’s EUR pool in Yearn has continued to top this category.
  • Uniswap/Alpha: Uniswap earnings were still not strong last week, for half stablecoin, half ETH pairs, more signs of a weak Uniswap dominance and in general a weak DeFi 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

The rise of crypto-conversations

RAZE Marketing Director Hire


How To Mint an NFT on OpenSea

How To Launch Your Own Production-ready Cryptocurrency

Solana 2021 Wrapped

Collection banner of Crypto Punks @cryptopunks

MoonXBT to host 2022 Malaysia Crypto Social Function Forum

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(27 Dec 2021)

Introduction to Stabilized Dollar Yield

Which is the stablest of the stablecoins

2022 Market Outlook