The Trade Winds #3
Discover new high yield Stablecoin & ETH opportunities in DeFi
Welcome to this week's drop of The Trade Winds. Below is a snapshot of the yield data we currently have on deck, a curated sample of actionable opportunities, and a brief overview of what is influencing the market this week.
Market Influences
Binance Founder CZ has been released from prison.
Ethena Labs announces UStb, a new fiat stablecoin backed by Blackrock and Securitize, which complements their existing USDe product.
Binance announces the launch of Pre-Market for early token price discovery, with the first project announcement coming soon.
Kamala Harris publicly supports innovative technologies, including digital assets, marking her first positive reference to crypto.
Stablecoin Yield Opportunity
crvUSD Omnipool on Conic
Estimated APY: 22%
Network: Ethereum
TVL: $2.7M
Risk Level: High
CNC/CVX/CRV Rewards
Go to opportunity → Link
ETH Yield Opportunity
Super OETH on Origin
Estimated APY: 16.65%
Network: Base
TVL: $280M
Risk Level: Medium
Go to opportunity → Link
Explore All Yield Data
For more yield opportunities and analysis, visit our free and public yield dashboard over at eastindiaonchaincompany.com.
Stablecoin Yield:
Minimum: 3.50%
Maximum: 35.19%
Median: 11.32%
ETH Yield:
Minimum: 2.90%
Maximum: 21.34%
Median: 12.80%
Weekly DeFi Concept
Automated Market Maker (AMM)
AMMs are decentralized trading protocols that use mathematical formulas to price assets. They allow digital assets to be traded without permission and automatically use liquidity pools instead of a traditional market of buyers and sellers.
Example: Uniswap is a popular AMM. Instead of matching buyers and sellers like a traditional exchange, Uniswap uses an x*y=k formula to determine prices. If you want to trade ETH for USDC, you simply interact with the ETH-USDC liquidity pool, and the AMM calculates the exchange rate based on the pool's current ratio of ETH to USDC.
Resources
Website - Twitter - GitHub - Email - Newsletter
Remember, all investments carry risk. Always do your own research before investing. This is not financial advice but rather educative content designed to help you better understand the crypto markets and products.