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Bear market stable currency mining comb: Where can get high yield?

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DeFi is rapidly iterating, so money flows quickly, and the ability to identify and track the best current strategies is particularly important.

原文作者：0x137，律动 BlockBeats

DeFi 在过去两年里已经有了长足的发展。现在，即使是在市场行情不好时，很多人也不会完全退出加密市场，而是选择持有稳定币。但是对一些 DeFi 新人来说，让稳定币为自己带来可观的固定收入一直是一个头疼的问题。在下文中，律动编者就为大家整理出了当前较为流行的几种稳定币 Farming 策略：

金钱乐高：Yearn + Abracadabra + Curve

Yearn、Curve、Aave 等 OG 协议是人们在提到 DeFi 时最先想到的项目，但就稳定币收益而言，它们已经变得非常「Boring」了，现在很多稳定币 Farming 池 APY 都在 4% 左右，基本不会超过 10%。虽说这与普通银行利率相比已经很香，但是作为 DeFi，它们还没有充分发挥出自己的「degen」潜力。

Abracadabra 是一个跨链借贷平台，它允许用户将自己的收益资产作为抵押品进行借贷。我们通过 Abracadabra，就可以充分地利用 Yearn 和 Curve 实现复利。本文为大家提供三种策略，为了统一我们以 USDC 为例：

策略一

First, store the USDC in the Forever Vault and get the voucher Token yvUSDC of the same amount. Usdcs stored in Vault get around 3% APY.

Next, go to Abracadabra.money, pledge yvUSDC and lend the corresponding amount of MIM stablecoins. Of course, we have to pay a fee of 0.05% and interest of 0.8% a year. Also note the maximum loan-to-pledge ratio in the red box, which varies by currency.

Then it goes to Curve to replace MIM with USDC again. That way, we can still get 2% OF APY while remaining 90% liquid, which is basically a dead end.

策略二

If you feel that the above strategy is not profitable enough, you can keep the MIM lent and put it into the MIM pool on Curve. On top of the 0.25%APY, you can also get a CRV Token, with an APR of up to 9.35%, plus an APR of 0.13% SPELL Token.

策略三

This strategy is referred to by many DeFi degen as "9,9". After we exchange the MIM back to USDC, we can store it in The Yearn Vault again to get more yvUSDC and borrow the MIM. By repeating the Loop over and over again, we get a higher compound APY.

The USDT example is used in the figure

Alchemix

Alchemix 是之前以太坊上很火的一个算稳协议，用户在该平台的欠款会随协议在 Yearn 上的收益自动减少。

First, we need to deposit a certain amount of DAI as collateral, and in return we can get around 7% APY.

On this chemix platform, we can then lend alUSD, a stable currency, with a maximum collateral loan ratio of 50%. As the text in the red box prompts, the APY earned by the user's deposit will be automatically used for repayment.

借出 alUSD 后，我们同样可以将其换回 DAI，并重复上述操作，获得复利 APY。

ProtoFi

当然，上文所提到的几种策略都需要在以太坊上进行操作，对于普通用户或者 DeFi 新人来说，gas 费都太高了，因此在相对廉价的公链生态里寻找稳定币 Farming 策略更为合理一些。

ProtoFi 就是 Fantom 上的 AMM 和 Farming 协议，最近也比较火热。该协议采用的是双币系统，以让用户成为协议的所有者，同时减轻原生 Token 的抛售压力。

ProtoFi has three different Farming pools: Nucleus, Fusion, and Particle. First of all, we need to find a stable coin LP pool in Fusion. In this paper, we still choose the MIM-USDC pool. After providing liquidity to the pool, we receive PROTO tokens in return, and the APR is currently around 40%.

After we get a certain amount of PROTO, we can go to the Nucleus and provide liquidity for the Proto-USDC pool. In return for the ELCT Token, the APR is currently around 825%. Of course, since PROTO is not a stablecoin, users face the risk of volatile losses.

What's new with ProtoFi, though, is that users can get a share of the protocol's future revenue through ELCT. To earn DAI or wFTM, click Fission to save the generated ELCT. The current APR is 200%.

需要注意的是 ProtoFi 运用了一个叫做 Quantum Supply 的机制，PROTO 的释放比率会根据市值/TVL 不断调整，以此控制市场上的抛售压力。

Anchor

Anchor 可能是使用率最高的策略之一了，其稳定币 APY 拥有惊人的稳定性，在过去一年中一直保持在 20% 左右，因此被很多人认为是最适合 DeFi 新人的收益策略。Anchor 主要有以下三种适用方法：

直接质押 UST

This method is the simplest and safest. Simply deposit your UST directly into Anchor and earn 20% APY.

流动性质押 LUNA

If you don't have UST but have LUNA, you can pledge your LUNA on Lido and get the same amount of bLUNA, earning around 9% APY.

BLUNA is then deposited into Anchor and lent out to UST. Anchor now encourages borrowing, so the UST you lend will earn you additional APY as well.

将借出的 UST 再次存入后，就可以获得更高的复利 APY。

Degen Box

如果你的 UST 是在以太坊主网上，则有一个更为 degen 的 Farming 策略。Abracadabra 提供一款名为「Degenbox」的借贷策略，能够自动将借出的 MIM 换为 UST 存入 Anchor，并不断地 Loop。

After depositing UST as collateral, you can click on "Change Leverage" to adjust your lending Leverage according to your own needs. Then the agreement will automatically deposit the lent assets into Anchor to earn APY. As you can see, by raising the leverage, the user can get much more than 20% of the ORIGINAL APY.

如何捕捉最优质的 APY？

DeFi 的更新迭代非常快，几乎每天都会有新的协议出现，因此资金的流动也很迅速。也许今天还能获得高 APY 的策略，一个月后就不再那么吸引人了，因此找出并跟踪当前最优质策略的能力就显得格外重要。本文为大家提供了下面两种方法：

Beefy Finance

Beefy Finance 是一个多链收益优化器，它允许其用户从他们的加密资产中赚取复利，并转换回用户所质押的原始 Token。通过一系列由智能合约保护和执行的投资策略，Beefy Finance 能够自动地将用户在各种 LP 池、AMM 等 DeFi 项目中的收益机会最大化。

First choose the public chain you want to use.

Then look for stablecoin yield strategies with higher APY in Vault, as shown in the red box, some of which may get a Boost to the protocol and therefore a higher APY.

Coindix

Coindix 是一个实时检测 DeFi 收益的网站，我们同样可以在其中找到各链上收益最高的稳定币收益策略。

When you go to Coindix, you can select a different public chain in the top column, select a specific protocol in the left column, and select a different asset revenue strategy in the middle.