For every good L1, there's a 1000 that will die a slow death. It's hard to tell these apart sometimes because these new L1s often have the right buzzwords behind them with the right investor along for the ride. But those aren't the chains I'm looking at, I want resiliency and a fight to the death mentality. Recently, my eyes have been fixed on @avax as they've been putting in the work. Not only have they been pushing for institutions and funds to jump onto the chain, they understand the current narrative for crypto: Stablecoins and BTC. _________________________________ The King of the moment right now is obviously $BTC, having hit that new ATH and Avalanche seems to be a new hotbed for BTC yield with @avantprotocol launching their newest product: @savBTC. Stacking sats will be the new equivalent to stacking cash and we need easy ways for everyone to get involved. That's why @avantprotocol created $savBTC to bring risk adjusted yield to BTC holders. $savBTC is powered by BTC-neutral DeFi strategies to earn yield, up to 10% APY during their testing period! Where the big unlock comes here is that they're working on finding partners to use $savBTC in various lending protocols along with other DeFi applications. A yield-bearing BTC product that you can borrow off of leading to high yielding loops
savBTC will complement Avants savUSD, a yield-bearing stablecoin employing similar strategies for USDC and USDT deposits, that have already reached 62M TVL
Key strategies used to earn yield: - Arbitrage and Hedging - Cash and Carry Trade - Lending - Liquidity Provision - Yield Farming
Great to see new developments on @avax and, time for more people to pay attention to the red blockchain 🔺️
Missed out on $BIZ genesis launch on @virtuals_io because i'm traveling, and have ended up in Point Poverty after the staking changes because too busy to follow all the changes and find the right strategy
Big month for @Mantle_Official ♦️ Stablecoin TVL reaches $427M, a 172% year-on-year growth, expect this to continue to rise as Mantle Index Fund is going live
♦️ cmETH fixed yield vaults on @mETHProtocol filled up with 30k cmETH deposited, earning 4.77% APY ♦️ Still lots of good yield opportunities while earning Powder for @mETHProtocol Metamorphosis Season 3. E.g. 12-13% APY for LPing cmETH/WETH on @MerchantMoe_xyz
♦️ PT-cmETH on @pendle_fi currently trading at 6.2% which means that LPing cmETH/WETH on Merchant Moe could yield up to 19% APY total including $COOK airdrop
♦️ @mETHProtocol takes over Mantle Yap Club on the Mantle Discord for 5 weeks with $500 extra cmETH rewards in addition to 10k $MNT ♦️ Top Mantle Yappers continues to make bank with 150k MNT (worth $100k) being distributed. Make sure to keep an eye on if you make it to the Kaito Yapper Leaderboard
♦️ @eigen_da v2 launched testnet with 50MB/s DA. Sub-10s latency. Even faster and cheaper transactions incoming for Mantle Network And we still have the three largest news upcoming very soon 🔜 Mantle Index Fund (MI4) is about to go live in Q2. A regulated crypto fund built for tokenized exposure 🔜 Mantle Banking (onchain-first bank to bridge DeFi and Tradfi) 🔜 MantleX (AI Framework for advanced DeFAI applications)