Original Title: "Bull Market Alert! Full Guide to Stablecoin Yield Farming"

Original Source: Biteye

After profiting from the bull market, besides continuing to trade to compound gains, stablecoins can also serve as a major tool for fund appreciation. Stablecoin yield farming returns are much higher during a bull market, sometimes reaching over 40%.

This article will delve into how to increase passive income with stablecoins during a bull market, helping everyone steadily grow their wealth when the market is on the rise!

Firstly, the channels for stablecoin yield farming are mainly on-chain or on exchanges.

If you seek stable and secure returns (around 10% APY), with instant access, opt for centralized exchange yield farming directly;

If you are adept at on-chain lending and borrowing, you can earn higher returns (around 10%-30% APY);

If you aim for over 40% APY, you need a deep understanding of protocols like Pendle, usd0++, and others.

I. On-Chain Stablecoin Yield Farming

1. @pendle_fi

Features: Pendle's core concept is to tokenize future cash flows, allowing users to split and trade future cash flows, gain liquidity, and increase investment yield.

In simple terms, held assets (including stablecoins) are divided into two parts: Ownership Tokens (OT) and Yield Tokens (YT), which are traded independently. For example, a user can split sUSD equivalent and deposit it into Pendle YT, receiving PT (yield-bearing token). Upon maturity, PT can be redeemed back to sUSD at a 1:1 ratio, with an annualized yield of approximately 28.19%. If a similar operation is done with USD0++, the annual yield can reach 25.32%.

APY: Pendle's provided LP pool annualized returns can sometimes be as high as 40%-60%, and through various liquidity pools, you can select products of different risk levels for investment. The USD0++ LP pool has recently launched a new range version this week, which allows capturing a higher underlying APY, raising the overall LP APY ceiling.

Target Audience: High-risk tolerance, especially users interested in liquidity and future revenue split.

Link:

https://app.pendle.finance/trade/pools

https://app.pendle.finance/trade/markets?utm_source=landing&utm_medium=landing

2. @usualmoney

Features: Automatically manages user funds through smart contracts while leveraging a combination of liquidity pools and lending protocols.

APY: 40%-70%, subject to market conditions. Returns are relatively volatile, but long-term returns are relatively stable.

Target Audience: Suitable for those willing to withstand some volatility, high-risk preference users.

Link: https://app.usual.money/

3. @bounce_bit

Features: BounceBit is a Bitcoin re-staking infrastructure project that enhances Bitcoin's liquidity and utility by combining centralized finance (CeFi) and decentralized finance (DeFi).

APY: USDT 30-Day APY 34.5%, 7-Day APY 56%. These APYs are already substantial without $BB rewards; when combined with platform rewards, the actual return rate could be even higher.

Target Audience: Suitable for those looking to achieve high returns in the short term, especially active traders willing to take on some risk.

Link: https://portal.bouncebit.io/cedefi

4. @MorphoLabs

Feature: Morpho Labs' core strength lies in reducing the market's borrowing cost and providing stable returns to depositors by consolidating multiple decentralized lending protocols.

APY: Between 10% and 30%, depending on platform liquidity and market demand.

Target Audience: Suitable for those with a certain understanding of the lending market, especially users seeking stable and relatively secure returns.

Link: https://app.morpho.org/?network=mainnet

5. @solayer_labs

Feature: Solayer focuses on bridging USDC to the Solana chain. By depositing USDC into Solayer, users can enjoy stable returns and participate in other high-yield projects in the Solana ecosystem, achieving dual purposes.

APY: The current stablecoin yield is around 5%, with potential for further increases as the platform develops.

Target Audience: Suitable for users interested in the Solana ecosystem.

Link: https://app.solayer.org/dashboard

6. @AriesMarkets

Feature: Without leverage, the exchange already supports deposits and withdrawals. It can interact with projects and may also have secondary APT airdrops.

APY: Apt USDT 16%

Target Audience: Suitable for users who prefer multi-benefit opportunities and relatively stable returns.

Link: https://app.ariesmarkets.xyz/lending

II. Centralized Exchange Financial Management

1. Binance

Binance offers fixed-term or flexible USDT and USDC financial products suitable for different user needs. The APY remains stable at around 10% and can reach up to 16% during certain high-yield periods.

In addition, Binance's newly launched $BFUSD stablecoin product is quite interesting. It is designed primarily for contract users, providing fund support for contract margins and offering users stable returns.

The revenue source of $BFUSD mainly comes from funding rates and ETH staking. In the case of negative funding rates, Binance has set up a reserve fund to ensure users do not face losses. The flexible aspect is that it allows users to adjust returns based on trading frequency, with returns settled daily, where the more frequent the trading, the higher the returns.

2. OKX

OKX offers various stablecoin financial management options, with USDT 7-day APY of up to 10%. Users can choose suitable products based on their risk preferences, redeem at any time, and it is suitable for short-term financial management needs.

3. Bybit

Bybit's financial products are also very diverse, offering multiple stablecoin products, including USDT and USDC, including capital-guaranteed and advanced products. Among them, the current APY for the capital-guaranteed flexible savings account is also 10%.

4. Bitget

Bitget offers a variety of financial products, including flexible "Financial Management Treasure" flexible/short-term financial management, stable "Wealth Management" fixed/long-term products (APY 9.2%-15%, currently around 13%), and high-yield "Dual-Currency Financial Management." Users can choose the appropriate products based on risk tolerance and capital needs.

III. Summary

On-chain financial management is suitable for users familiar with on-chain operations, providing higher returns but with greater risks. Centralized exchange financial management is more suitable for novice users, with simple operations, stable returns, but relatively lower returns.

Whether you are a high-yield risk-averse seeker or a conservative investor looking for stable returns, you can find a suitable stablecoin financial product on these platforms.

Most importantly, make choices based on your needs and risk preferences, and flexibly adjust your investment strategy!

Risk Warning: The above is for information sharing only and not investment advice.

This article is a contribution and does not represent the views of BlockBeats.

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