Best net yields at max leverage on Tangent right now 👇
This week, 3 pools from @ResupplyFi made it to the top 5!
Note: Only the reUSD/scrvUSD and RLUSD/USDC markets still have capacity.
Metronome has fully closed the underbacking disclosed on July 30 and built a surplus of 281,774 msUSD and 262 msETH on top of it.
With backing restored, msUSD and msETH are expected to return to 1 USDC and 1 ETH.
Read more:
Since launch, Tangent has generated more than $50k in revenue, fueled by organic onchain activity.
Early data suggests that, among CDP stablecoins, $USG is one of the most profitable.
Out of all stablecoin pools with over $500k in TVL on @StakeDAOHQ, the sUSG/reUSD pool offers the highest yield.
LPs earn:
1️⃣ 27.46% APR (base APY: 10.44%, $CRV APR: 17.02%)
2️⃣ Tangent points
3️⃣ @re points
Link below 👇
The Resupply Summer is in full swing on Tangent!
You can now borrow $USG interest-free against the reUSD/sDOLA LP from @ResupplyFi and @InverseFinance.
Initial $CRV incentives have been pushed on the market to kickstart the show!
Links and details below 👇
The borrow caps have been raised on the following markets:
- frxUSD/sUSDS → Collateral APR: 4.99% || Borrow APY: 3.70%
- fxUSD/USDC → Collateral APR: 2.44% || Borrow APY: 0%
Link below 👇
Some $CRV incentives have been pushed into the cbBTC/WBTC market.
In the current conditions, the collateral APR will stay above the borrowing rate until about $150k worth of LP tokens are deposited.
Link to the market in the post below 👇