Where is it more suitable to store Yala's stablecoin YU?

There are three protocols on the Yala platform that display the highest APR: Pendle 14.39%, RateX 13.55%, and Kamino 12.35%.

➤ The corresponding APY for each protocol is:

1) Providing LP on Pendle: If holding vePendle, it is 11.44%, otherwise it is 6.24%;

2) Providing LP on RateX: 13.539%, of which 5.617% is the official estimated value of the points airdrop from RateX, resulting in a net return of 7.922%;

3) Providing LP on Kamino: 11.99%, of which 10.95% of the earnings come from YU rewards;

➤ Logical Breakdown:

1) All three protocols have 6X Berries points that can be earned, so there is no advantage in terms of points;

2) If only considering tangible returns, providing LP on Kamino is the optimal solution;

3) If looking to speculate on airdrop expectations, RateX is the most suitable, but it is necessary to consider whether the official estimated value of the points is inflated. If the estimates are realistic and future airdrop distributions can be released all at once, RateX is the optimal solution;

4) If not holding vePendle, then Pendle can be disregarded as it offers the lowest returns, but Pendle has two other ecosystem protocols, Penpie and Equilibria, that can be participated in, although I am not very familiar with these two, so I won't elaborate;

Note: The above is for informational purposes only and is not investment advice. Please conduct your own research!

DeFi Enthusiast: BitHappy