By integrating with almost all protocols on Solana, Step is uniquely positioned to provide users with useful insights from the DeFi ecosystem. Beyond the portfolio dashboard, one of the features available on Step is the aggregated data tool on the Opportunities page. Here you will find useful and easy-to-filter data compiled from DEXs, credit protocols and trading platforms built on and integrated with Solana.
Access the tool by clicking on occasions icon on the left side of the dashboard.
Step Dashboard
step options
The first tab is a summary of the available on-chain opportunities for the STEP token.
step options
The Orca DEX has both a SOL-paired liquidity pool and a stablecoin pool with Hubble’s USDH token. STEP holders can provide their liquidity to earn a return on their tokens from the trading fees generated on Orca.
xSTEP is the staked form of STEP and can be staked from the Step Dashboard. The Solend lending protocol accepts both STEP and xSTEP as collateral, allowing holders to free up more of their capital or leverage additional DeFi strategies via overcollateralized lending.
Liquidity Pools
The Liquidity Pools The section provides Step users with yield farming analysis such as volume, trading fees and yields (APYs) from various AMMs in Solana. Having this data in one place and being able to search through it for asset pairs or compare liquidity and volume between DEXs is useful for developing new farming strategies or exploring new opportunities
Liquidity Pools tab.
Filtering by SOL/USDC liquidity pools via Solana DEXs
Compare returns, total liquidity or volume of all pools for specific assets or trading pairs using the search function. Also, sort on the right by “Yield (APY)” if you want the highest return on provided liquidity.
The platform screener and search function
Narrow the results by filtering only specific platforms or by using the search bar to review and compare all pools available for a selected token.
lending
The lending The tab displays aggregated data collected from lending platforms in one place. This is a handy tool for tracking the lending platforms on Solana, which are constantly growing, adding new pools and assets as collateral, and likely offering different APYs for most tokens.
Here, Step users can compare available asset pools, as well as lending and deposit rates, with multiple filtering and review options.
Loans tab.
For example, if a user is looking for the best yields for their USD stablecoins, they could use the asset search function and also sort the Offer APY % column in ascending order, as shown below.
USD stablecoin search results sorted from highest APY % to lowest
margin trading
The margin trading The tab is useful for tracking and comparing funding rates for perpetual futures contracts across different trading platforms. The aggregate funding rates for on-chain margin platforms like Entropy and Mango Markets can provide an advantage for arbitrage strategies, which are often more prevalent in the less efficient DeFi markets compared to CEXs
Margin Trading tab.
The Funding APR data below suggests an opportunity to enter a long SOL position on FTX with a simultaneous short SOL position on Mango Markets. This is a delta-neutral strategy that could encourage funding rate arbitrage without necessarily being exposed to price changes.
SOL funding APRs compared across platforms
As Step continues to delve into protocol-specific data insights over the coming months, we plan to roll out more useful features on the Opportunities page. Our goal is to help users explore the ecosystem and improve their strategies by providing information they would not otherwise have access to.
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