The top yield farming opportunities with USDN in the WAVES ecosystem | by WavesTech | Waves log

The best ways for users to use USDN

At the end of May, we launched our revival plan that sets the stage for the next DeFi era. These past few months in the crypto space have tested every protocol, team and user and have been a true testament to the resilience of the Waves community.

Waves has proven its ability to withstand some of the toughest market conditions we’ve faced in the lifetime of Web3, and the future has never been brighter for the protocol’s development.

The teams building on Waves here are collectively one of the strongest groups in the entire crypto ecosystem, and with that comes a variety of yield farming options for users to leverage their USDN.

With that said, let’s dive into the best ways you can start using USDN today!

Below we have highlighted 4 of the top protocols in our ecosystem and the yield farming opportunities each of them currently offers.

Neutrino enables the creation of stablecoins pegged to real-world assets or other cryptocurrencies and is home to Waves’ native algorithmic stablecoin, USDN.

Unilaterally wager USDN and earn up to 15% APY

Neutrino’s single-side staking offering is perfect for users looking to avoid temporary losses and market volatility. Neutrino’s yield is generated by utilizing the Waves monetary policy staking reward system and the LPoS consensus algorithm.

Compared to other DeFi yield products that generate returns through borrowing, Neutrino’s use of Waves monetary policy generates that return without the risk of liquidation.

The platform is extremely accessible as you can stake USDN directly on Waves.Exchange or centralized exchanges like KuCoin. The easiest way for users to stake their USDN on Neutrino is here.

Waves.Exchange is a unique user downloadable application that acts as a trading hub for all tokens in the Waves ecosystem. Compared to traditional DEXs, Waves.Exchange was designed with the end user in mind to create an intuitive user interface for the masses. The platform boasts the 3rd largest TVL in the Waves ecosystem and is one of the most popular places for users to stake USDN.

Top USDN Opportunities on Waves Exchange

There are several core offerings that can be broken down into 5 areas, each with different levels of risk.

Liquidity Pools

Users can provide liquidity paired with USDN and earn up to ~100.64% APY paid in WX tokens. The platform allows users to increase their rewards up to 3x by locking their earned WX tokens to receive gWX representing their locked amount. The longer your blocked balance is held, the higher the multiplier you will receive.

The reward from the liquidity pools depends on the amount of profit that the individual pool receives. Waves.Exchange LPs each have a base vAPY (variable APY) that represents the number of pool tokens that liquidity providers receive when they elect to withdraw. The more profit the pool brings in, the higher the base vAPY.

Lambo pools

Lambo is an algorithmic trading strategy that allows users to earn up to ~63.7% APY on USDN with a 10% maximum drawdown guaranteed.

This pool is further out on the risk curve because a trading strategy uses a portion of trading fees as opposed to paying out earnings to players via the traditional DEX model.

Because of this, DeFi users should be aware of the risk of this particular pool compared to a one-way staking contract. If you want to learn more, Waves.Exchange offers complete transparency on funds and the smart contracts they use to generate the return.

One-sided staking

Waves.Exchange offers two options for single-side staking: neutrino staking and neutrino pools.

Neutrino staking are pools of assets created from the Neutrino protocol. Users can earn rewards of up to 6% depending on the token. For USDN, the APY currently on offer is ~0.12%.

A more lucrative option is the Neutrino Pools. When depositing USDN, the stablecoin plays a key role in the insurance portion of the Neutrino pool as a secondary asset security. This ensures the stability of the pool, which in turn creates a positive momentum for DeFi users to earn rewards.

DeFi users can earn rewards of up to 26% on USDN in the Neutrino pools distributed daily.

Swop.fi is a more traditional DEX interface that offers a wide range of cryptocurrencies and farming opportunities. The platform also runs a log launchpad where users can allocate USDN for new project launches.

A call before diving into farming opportunities is the “First Harvest Rule” that Swop.fi has implemented. Instead of launching pools and allowing anyone to stake capital, SWOP holders can use their tokens to vote for the pool’s weight.

The tokens are then locked for the first week called the “First Harvest”. During this time, only users who have voted for the pools can assign their tokens to the pools, giving them access to lucrative APY before the public.

The APY reward is generated through trading fees, neutrino staking, and borrowing and lending.

Top USDN farms on Swop.fi

Swop.fi has some of the highest APY farms in the Waves ecosystem, with some exceeding ~1000% APY.

Some of the best USDN SWOP farms that caught our eye are listed below:

Stable cymbals

• USDC-USDN – 21.62% APY
• USDT-USDN – 47.46% APY

LPs

• VIRES_USDT_LP-USDN – 366.58% APY
• NGNT USDN — 1000% APY

Puzzle Swap is an innovative DEX that allows users to match and access multiple tokens in a liquidity pool. They also have a built in mechanism called “Fair Routing” which is a routing service between custom pools and other AMM exchanges on Waves. This enables these custom pools to be created and minimizes the overall cost to users.

As with traditional AMMs, the pool rewards are generated by fees associated with trading, lending, and borrowing.

Top USDN pools on Puzzle Swap

Once connected to the dApp, you can view the Puzzle Mega Pools where USDN can be deposited using the top tabs.

The pools are divided into two categories: Community and Puzzle Swap Team.

community pools

There are a few community-created stable pools that stand out from the crowd.

First, we would like to highlight the “USD 4pool”. For users who don’t want to deal with market volatility, the 4pool is equally weighted with USDN, DAI, USDC and USDT. The pool currently offers 4.74% APY and is a great choice for users who are more risk averse.

At the other end of the spectrum is the Ultimate Neutrino PuzzlePediaPool. This is currently the most lucrative community generated pool offering 14.39% APY and 20% USDN. The other 80% will be evenly split between 3 unpegged tokens and Neutrino EUR.

Puzzle Swap Pools

While the Puzzle Swap team currently only offers 3 stablecoin pools, all are viable options for DeFi users.

The “Warm Winter Pool” is an LP consisting of 6 assets with a 50/50 allocation of stablecoins to unpegged tokens. Although the pool is still vulnerable to temporary losses due to market volatility, the 50/50 split makes this pool a viable option for USDN holders.

Another pool that is even more heavily allocated to USDN and stablecoins is the Vires USD Pool. This farm consists of 60% VIRES-USDT and VIRES-USDN-LP tokens and 40% USDN. As they use the stable paired LP tokens, this gives the USDN a stronger weight and reduces the risk factor from price movements on VIRES. Additionally, they are currently offering a whopping 174% APY.

Waves is one of the fastest growing crypto ecosystems and every day new opportunities arise for users to leverage their USDN.

USDN has proven its resilience even in the toughest market conditions, and the Waves team continues to work on improving and ensuring the stability of the stablecoin.

The yield farming opportunities on WAVES are some of the best opportunities in the entire space for DeFi users looking to deploy their capital. To keep up to date with new developments and more opportunities, join the community and follow us on Twitter!

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