Level Finance

Arbitrum

Yield

Since the implosion of many CeDeFi entities, yields have fallen across the board in crypto. But that doesn’t mean that they’re gone.In fact, this crypto bear market has been a silver lining for many looking for real yield, in contrast to poor tokenomics and inflated yield that was present during the bull. With the return of on-chain activity in the last few weeks, delta-neutral strategies, such as providing liquidity, have been performing especially well.However, sourcing for the most rewarding strategies can be taxing not only on your time, but resources such as gas fees as well – and that’s where Steadefi steps in.Also Read:<a href="https://chaindebrief.com/heres-how-steadefi-will-make-yield-farming-simple-yet-effective/" rel="noopener noreferrer nofollow"> Here’s How Steadefi Will Make Yield Farming Simple, Yet Effective</a><h2 id="strong-steadefi-automating-strategies-for-you-strong">Steadefi – Automating Strategies For You</h2>If you’re looking for market-leading stable yields at the touch of a button, you’ve come to the right place.Currently available on both the <a href="https://twitter.com/steadefi/status/1643889744626221057" rel="noopener noreferrer nofollow">Arbitrum</a> and <a href="https://twitter.com/steadefi/status/1658279420346646529" rel="noopener noreferrer nofollow">Avalanche networks</a>, Steadefi offers a variety of neutral or lending strategies that earn yield without being overly exposed to crypto’s volatility.<figure class="wp-block-image size-full"><img width="732" height="287" src="https://chaindebrief.com/wp-content/uploads/2023/05/image-89.png" alt="" class="wp-image-37771"></figure><figure class="wp-block-image size-full"><img width="747" height="419" src="https://chaindebrief.com/wp-content/uploads/2023/05/image-88.png" alt="" class="wp-image-37770"><figcaption class="wp-element-caption"> Image Courtesy: Steadefi </figcaption></figure>In addition to their current liquidity bootstrapping incentives, Steadefi’s profit-sharing mechanism helps to maximize returns for lenders on the protocol.Profit-sharing allows Steadefi to reduce reliance on utilization rates of their vaults, capping their downside, while the upside is increased when more borrowers enter the ecosystem.<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet">All the details about our innovative 3x Long <a href="https://twitter.com/search?q=%24GLP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GLP</a> Vault right here: <a href="https://t.co/D7afSaQiBD" rel="noopener noreferrer nofollow">https://t.co/D7afSaQiBD</a> Time to go long on <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a>, <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a>, and <a href="https://twitter.com/hashtag/AVAX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#AVAX</a> while tripling the <a href="https://twitter.com/GMX_IO?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@GMX_IO</a><a href="https://twitter.com/hashtag/RealYield?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RealYield</a>!— Steadefi <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53a.png" alt="🔺" class="wp-smiley"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f499.png" alt="💙" class="wp-smiley"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f536.png" alt="🔶" class="wp-smiley"> (@steadefi) <a href="https://twitter.com/steadefi/status/1624023385570410497?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 10, 2023</a></blockquote></div></figure>Furthermore, the protocol allows users to automatically leverage 3x on a delta-one (Long Strategy) position, amplifying yields for ETH and AVAX bull believers.&nbsp;For example, their 3x Long GLP-GMX strategy vault uses leverage to earn boosted yields from GLP staking on the GMX derivatives protocol.While there are currently only a limited number of strategies, the team states that their “focus is definitely on launching new vaults right now”, with “plans for Camelot DEX, Curve’s tricrypto pool, ETH liquid staking yields, and more perpetual DEXes including Level Finance and the looming GMX v2.”.By combining some of the most sought-after yields in crypto with boosted yields and auto-compounding, Steadefi is laying a strong foundation to be at the forefront of DeFi.<h2 id="strong-maximizing-their-liquidity-bootstrap-incentives-strong">Maximizing Their Liquidity Bootstrap Incentives</h2>Alongside the launch of their strategy vaults, Steadefi has announced their liquidity bootstrapping incentive campaign, which will run until the 1st of August this year.<figure class="wp-block-image size-full"><img width="769" height="525" src="https://chaindebrief.com/wp-content/uploads/2023/05/image-90.png" alt="" class="wp-image-37772"><figcaption class="wp-element-caption"> Image Courtesy: <a href="https://steadefi.com/farms" rel="noopener noreferrer nofollow">Steadefi, Farms</a></figcaption></figure>By depositing your vault tokens in their<a href="https://steadefi.com/farms" rel="noopener noreferrer nofollow"> respective farms,</a> users are able to earn additional rewards, boosting APRs up to 150%.For example, their USDC Lending vault farm on GMX, which usually pays a market rate of 2.7%, is boosted to 96% here during their 3-month-long incentive campaign – a 3000% increase!These additional rewards currently come only in the form of $esSTEADY, <a href="https://chaindebrief.com/could-ve33-change-defi-forever-or-just-another-ponzi/" rel="noopener noreferrer nofollow">the escrowed counterpart</a> to $STEADY.This is an excellent opportunity to accumulate their native tokens prior to their official token launch in Q3 2023. Holders of $esSTEADY will be rewarded with a share of the protocol’s revenue, as well as the ability t<a href="https://twitter.com/steadefi/status/1641720037110349824" rel="noopener noreferrer nofollow">o boost the yield </a>in their respective farms.<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet">Hinted at our new <a href="https://twitter.com/CamelotDEX?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CamelotDEX</a> 3x strategy vaults the other day. Time for some more details. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" class="wp-smiley"> All 4 vaults will receive extra $esSTEADY rewards Risk-off<a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> Lending Vault<a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> Lending Vault Risk-on 3x Long ETH-USDC Vault 3x Neutral ETH-USDC Vault<a href="https://twitter.com/hashtag/Arbitrum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Arbitrum</a> More <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley"><a href="https://t.co/DpDWEzIVi0" rel="noopener noreferrer nofollow">pic.twitter.com/DpDWEzIVi0</a>— Steadefi <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53a.png" alt="🔺" class="wp-smiley"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f499.png" alt="💙" class="wp-smiley"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f536.png" alt="🔶" class="wp-smiley"> (@steadefi) <a href="https://twitter.com/steadefi/status/1661610579986087936?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 25, 2023</a></blockquote></div></figure>In the future, further utility such as governance votes will become available to $esSTEADY holders.Until the official launch of $STEADY and $esSTEADY in Q3 2023, taking advantage of <a href="https://twitter.com/steadefi/status/1653979692133945349" rel="noopener noreferrer nofollow">Steadefi’s incentive campaign</a>, especially on neutral vaults, is as close as risk-free as possible to accumulating as much of their native token as possible.Remember to check our their official <a href="https://twitter.com/steadefi" rel="noopener noreferrer nofollow">Twitter</a> page for the latest updates on Steadefi and join their <a href="https://discord.gg/steadefi" rel="noopener noreferrer nofollow">Discord </a>channel, where they discuss upcoming events and new strategies being implemented!&nbsp;[Editor’s Note: This article does not represent financial advice. Please do your research before investing.]Featured Image Credit: ChainDebrief

Maximizing Your Risk-Adjusted Returns With Steadefi

Table of Contents

Chain Debrief

Other articles published on May 26, 2023

ChainGPT AI on Telegram - Unleash the power of Web3 AI directly on Telegram - Backed by TON Starter

DeSantis will safeguard crypto and put an end to CBDCs

Brazil’s Central Bank Picks 14 Participants for CBDC Pilot

Should You Buy Ethereum on eToro, or Buy the Collateral Network (COLT) Presale?

How one trader lost approximately 78 ETH ($147K) during the memecoin season

Bulls and Bears Clash: XRP Price Tests 30-Day Low Amid Volatility

Join our free newsletter for daily crypto updates!