
Yield Farming Opportunity on Optimism – Earn up to 9.20% APY on stablecoins MAI and USDC — with Velodrome or Beefy Finance
Up to 9.20% APY on stablecoins MAI and USDC with Velodrome or Beefy Finance’s Yield Farming Opportunity on Optimism.
Optimism pool is currently offering an annual percentage yield of 8.50% on stablecoins with a low risk profile due to their similar peg.
Yield Farming on Velodrome
- Supply $MAI and $USDC on Velodrome. You will obtain sAMM-USDC/MAI LPs, or pooled liquidity.
- Stake the LP tokens into the gauge for yielding rewards in the platform’s governance token, $VELO.
- You can exchange half of the VELO token for USDC and the other half in MAI, to reinvest in new LP tokens or as a hedge against VELO volatility.
- Of course you can also exchange all for USDC or other currencies according to your investment objective and/or risk profile.
Yield Farming on Beefy Finance
- Liquidity can also be added from Beefy Finance at https://beefy.com/. One more platform is added and that may add some risk, but it is minimal and this platform analyzes liquidity, and gives a security score, which is very useful. In this case it rates the pool at 9.1 at the moment.
- The big advantage here is that Beefy Finance performs auto compounding, meaning it automatically reinvests the rewards earned at a rate that is very difficult to match privately.
- The yield in this case increases to 9.18% APY.
Some characteristics:
Positive:
🔼 Ethereum Optimism Layer 1 stable coin profitability farm.
🔼 Low gas commissions.
🔼 High current pool liquidity (TVL).
🔼 Low-complexity strategy.
🔼 Very low or zero expected impermanent loss.
🔼 Project contracts are verified.
Negative:
🔻 Micro market-capitalization, extreme volatility asset.
🔻 Overcollateralized algorithmic stablecoin.
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