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.