Earning income is the main appeal of decentralized finance and deployment today. Additionally, several assets and liquidity pools offer decent returns, although this is not the main aspect to consider. Instead, users should search options with high confidence and stable return prospects.
stETH (Lido)
Many people are showing great interest in putting ether over Lido. Although the Ethereum network does not yet support staking — it will after the merger next month — users have been able to pool ETH into Lido to earn staking rewards. It’s a good way to manage income from existing assets, and the pool is valued at $6.9 billion. Users have an APY of 3.9% and users maintain a stable/rising outlook on returns and stETH value. Finally, stETH follows the price of Ether.
FRAX-3Crv (curve)
Liquidity pools remain a great way to build a passive income stream with little effort. Finding the optimal liquidity pool can be difficult, but FRAX-3Crv offers some interesting potential. The pool has over $1.07 billion in liquidity and an APY of 2.43%. These rates may not be earth shattering, but it’s often best to take slightly lower rewards through a trusted platform rather than chasing near-impossible returns.
cUSDC (Compound)
Users holding cUSDC in their portfolio can earn 1.15% APY. Stablecoins often offer a far lower APY than volatile crypto assets, but they also provide security for investors and users. There is $1.07 billion in cUSDC busy earning that 1.15% APY today, which has proven to be one of the most stable rates overall. Additionally, stablecoins are safer overall, and 1.15% APY is still better than keeping money in a bank account.
FRAX-3Crv (Convex Finance)
Remember that FRAX-3Crv pair we mentioned two paragraphs ago? You could take the same assets and deposit them through Convex Finance for a different return. The APY of 4.85% is much higher compared to Curve’s premiums, and there is $1.06 billion in the pool today. It’s an attractive alternative to using these assets through Curve itself, even if it requires the creation of a few additional transactions.
DAI-USDC-USDT (curve)
Combining three of the most popular stablecoins into one high-yield solution is interesting and appealing. While the 0.71% APR may not be spectacular, the rate is unlikely to drop below 0.57% for the foreseeable future. Additionally, the APY can increase over time as these stablecoins are always in high demand. It’s another attractive option accessible through the Curve protocol, which has attracted close to $1 billion in Total Value Locked.
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