- Staking projects are not favored because the market is poor, and the principal is easily subject to depreciation.
- Instead, consider using stablecoins for yield farming; at least there is no significant risk of price volatility.
- Here are 8 projects with funding that allow yield farming with stablecoins, shared for everyone.
Level
Level is an Ethereum stablecoin protocol that has completed $6.2 million in funding, led by Dragonfly and Polychain.
Level has launched XP points, allowing users to deposit stablecoins into the corresponding protocol to earn level XP.
1/ Hold USDC on the Ethereum mainnet and exchange it for lvlUSD: https://app.level.money/buy
2/ Deposit lvlUSD into XP Farm (7-day withdrawal time), which is the simplest way to earn XP: https://app.level.money/farm
3/ Other methods, such as holding lvlUSD YT, staking Curve stablecoin pool LP tokens, or borrowing and lending with lvlUSD on Morpho, can be explored further.
Loopscale
Loopscale is a new lending protocol on the Solana chain that has completed $4.25 million in funding, led by Coinfund and Jump Capital.
Loopscale launched its beta public test and points program on 04/11, where using features like Lend/Loop/Borrow can earn points.
For those who only want to deposit stablecoins, you can directly deposit into the USDC/USDG genesis treasury pool:
Momentum
Momentum is a Dex in the Sui ecosystem that has completed $10 million in funding, led by Jump Crypto and Varys Capital.
Momentum has not announced a points program, but the SUI ecosystem has recently seen significant activity and interaction.
For those looking to get in early, consider depositing idle funds into stablecoin LP pools.
Pools like USDC-USDY, aUSD-USDC, and FDUSD-USDC all offer over 20% APR returns: https://app.mmt.finance/liquidity?state=v3
Infrared
Infrared is the PoL infrastructure of the Bear Chain, having completed $18.75 million in funding, led by Yzi Labs and Framework.
Although Infrared has not held a points program, it has confirmed that there will be a token, making it a good time to farm.
1/ For example, with BYUSD-HONEY, you can currently provide liquidity for stablecoins on BEX: https://hub.berachain.com/pools/0xde04c469ad658163e2a5e860a03a86b52f6fa8c8000000000000000000000000/details/
2/ Then stake the LP receipt token in Infrared: https://infrared.finance/vaults/bex-byusd-honey
Perena
Perena is a stablecoin infrastructure on Solana that has completed $3 million in funding, led by Borderless Capital and participated by Yzi Labs.
Perena is currently holding a Pre-Season points program, where users can earn points through the following methods:
1/ Daily swaps limited to 5 times. Points are awarded based on your trading volume: https://app.perena.org/swap
2/ Keep your LP in the stablecoin pool for an extended period. Earn a 1x points multiplier for 2 weeks and up to a 3x points multiplier for 2 months:
Aster
Aster is a Perps Dex on the BNB chain, backed by Yzi Labs.
Due to CZ's multiple interactions with Aster, the project's popularity has remained high. Aster is currently conducting an S1 season points program, where trading contracts and depositing assets can earn points.
Users can mint and hold assets to earn AU points. To maximize points, two strategies can be chosen.
1/ (Simplest) Mint and hold USDF to earn a 20x au points multiplier: https://www.asterdex.com/en/usdf
2/ (Highest points multiplier) Create an LP pool of USDF/USDT on Pancakeswap and stake it to earn a 35x au points multiplier: https://www.asterdex.com/en/earn/ecosystem
Huma
Huma is a Payfi protocol on Solana that has completed $46.3 million in funding, led by Distributed Global.
Huma has launched the Huma Feather points program, allowing users to deposit USDC to earn a 10% APY return + points. Huma offers two modes for depositing stablecoins: Classic and Maxi.
The former allows users to earn both stablecoin APY returns and Huma points. The latter does not earn APY returns but provides a higher points multiplier.
Additionally, users can choose to lock their liquidity to further enhance their points multiplier, DYOR: https://app.huma.finance/
Noble
Noble is a stablecoin issuance infrastructure in the Cosmos ecosystem that has completed $18.3 million in funding, led by Paradigm and Polychain.
Noble has launched the USDN yield stablecoin and points program, where users have two options after purchasing USDN:
1/ Deposit USDN into the Yield treasury to earn a 13.5% APY, but no points.
2/ Deposit USDN into the Points treasury to earn Noble points, but no APY returns. DYOR: https://points.noble.xyz/
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