There's one protocol covering two of the greatest DeFi chains with a single platform
Meet @StableJack_xyz and its $AVAX yields 🔍
(It even has a simplified version for people new to DeFi)
As it is right now, there are 3 main vaults:
🔺 The @BenqiFinance vault
Live on the V1 of StableJack, this one's perfect for those who want to risk much less
It uses $aUSD, a stablecoin which you simply have to deposit to start accruing $sAVAX rewards
you can mint $aUSD using one between $AVAX, $USDC, $USDT, $sAVAX
The APR gets almost to 10%
🔺 The @yieldyak_ + @SuzakuNetwork vault
If you're a fan of multi-yield/airdrop farming, this is the way 👇
Yield Yak curates $rsAVAX on Suzaku Network, an LRT that helps secure Avalanche
Holding $rsAVAX lets you accrue both $sAVAX staking rewards and $rsAVAX restaking rewards from Avax's L1s
If you're familiar with Pendle and its ST → PT + YT model, this works very much the same
PT gives up on the yield, YT focuses on it, and if you pair them, you can get the LP-rsAVAX
With this vault, you're farming at once:
▪ @SuzakuNetwork
▪ $YAK
▪ Milk Points
▪ Stable $JACK Discount tickets
▪ All the underlying yield of staking and restaking
Pretty good IMO
Btw, StableJack is also live on @SonicLabs, will take a look at that side as well 👀