Original | Odaily Planet Daily (@OdailyChina)
Author | Azuma (@azuma_eth)
This column aims to cover low-risk yield strategies primarily based on stablecoins (and their derivative tokens) in the current market (Odaily Note: systemic risks can never be completely eliminated), to help users who wish to gradually increase their capital through U-based financial management find more ideal earning opportunities.
Previous Records
Lazy Financial Strategy | Focus on Berachain, Raise Expectations for Reslov Airdrop (March 31)
New Opportunities
Falcon Confirms Token Launch
Last week, DWF Labs partner Andrei Grachev confirmed on X that the stablecoin protocol Falcon Finance, backed by the institution, will have its points program and governance token.
For more information about Falcon Finance, please refer to “Annualized 22.6%, How Falcon Finance Supported by DWF Partners Achieves High Returns.”
It is important to note that although Falcon Finance currently requires a whitelist to unlock all features, regular users can also directly purchase USDf on the secondary market and stake it to earn returns — the current APY for flexible staking is reported at 14.3%, and fixed staking will have a certain increase.
Upshift Mining
The institutional-level lending protocol Upshift officially launched last week.
Upshift belongs to the cryptocurrency brokerage August, which completed a $10 million financing in early March, led by Dragonfly Ventures, with participation from Foresight Ventures, Standard Chartered Bank, and 6th Man Ventures.
Upshift has now launched a points program, and there will be a 5x points bonus before the protocol's TVL reaches $750 million (currently reported at $215 million).
In terms of yield, the USDC main pool managed by August is currently reported at an APY of 7.03%.
Backpack Arbitrage Points
The Backpack points program has entered its third week, and there are already many point-earning strategies available in the market.
For users who wish to participate in Backpack with a neutral strategy, cash-and-carry arbitrage (spot buying + equivalent short selling) may be a suitable option. Based on the current BTC perpetual contract fee rate of 0.0497%, the annualized return from the funding rate for the short position is approximately 54.4%.
Considering the fluctuations in funding rates on the platform, users can actively select contracts with higher real-time funding rate returns and dynamically adjust the arbitrage tokens. If the strategy is executed effectively, it can significantly reduce transaction fee consumption while earning points, and even yield small profits.
Sonic Explains "Circular Loan" Points Issue
Readers may recall that we previously recommended a strategy for circular loans using USDC on Sonic Aave, but recently, Sonic team member Yohaan disclosed more rules regarding circular loans — in short, circular loans of similar assets will not be able to earn the corresponding leverage multiplier in points.
Under this new rule, only the principal portion of circular loans on Aave can earn a 12x points bonus, so individuals may prefer to mindlessly invest in the Pendle aUSDC pool as LP, which can amplify point efficiency to 24x.
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