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Current mUSD APY is so high (100%+) it actually doesn't fit in the current chart on @mstable_ website.
Why is it so big? How that's possible?
In short: people who stake mUSD now are receiving rewards from people who don't stake their mUSD. And there are currently a lot of them.
Why is it so big? How that's possible?
In short: people who stake mUSD now are receiving rewards from people who don't stake their mUSD. And there are currently a lot of them.
Only stacked mUSD are eligible for yield generated in @compoundfinance and @AaveAave . And currently, people who have mUSD face dilemma:
1) They can earn big APY by stacking mUSD
2) They can earn $MTA by providing liquidity to @BalancerLabs pools
What should they choose?
1) They can earn big APY by stacking mUSD
2) They can earn $MTA by providing liquidity to @BalancerLabs pools
What should they choose?
I guess it depends on their end goals. If they want to mine $MTA they would provide liquidity to Balancer pools but they would give up their APY on mUSD. But it's so tempting to place your mUSD to work on @mstable_ website with their realtime earnings dashboard.
So what is the best strategy?
Step 1: I would say that place all of your $MTA with mUSD to @BalancerLabs pool. The good thing is it's 80/20 pool. That means that instead of having the same amount of mUSD as $MTA (in case of 50/50 pool) you only need 25% of $MTA value in mUSD.
Step 1: I would say that place all of your $MTA with mUSD to @BalancerLabs pool. The good thing is it's 80/20 pool. That means that instead of having the same amount of mUSD as $MTA (in case of 50/50 pool) you only need 25% of $MTA value in mUSD.
Step 2: If you have any stablecoin left which are currently sitting idle - convert them to mUSD https://app.mstable.org/mint , stake them and earn 100%+ APY on them. Just remember to blink when you binge-watch your capital growth.
