Level Finance

Arbitrum

Yield

Since the implosion of many CeDeFi entities, yields have fallen across the board in crypto. But that doesn&#8217;t mean that they&#8217;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 &#8211; and that&#8217;s where Steadefi steps in.



Also Read:<a href="https://chaindebrief.com/heres-how-steadefi-will-make-yield-farming-simple-yet-effective/"> Here’s How Steadefi Will Make Yield Farming Simple, Yet Effective</a>



<h2 id="strong-steadefi-8211-automating-strategies-for-you-strong">Steadefi &#8211; Automating Strategies For You</h2>



If you&#8217;re looking for market-leading stable yields at the touch of a button, you&#8217;ve come to the right place.Currently available on both the <a href="https://twitter.com/steadefi/status/1643889744626221057">Arbitrum</a> and <a href="https://twitter.com/steadefi/status/1658279420346646529">Avalanche networks</a>, Steadefi offers a variety of neutral or lending strategies that earn yield without being overly exposed to crypto&#8217;s volatility.



<figure class="wp-block-image size-full"><img decoding="async" width="732" height="287" src="https://chaindebrief.com/wp-content/uploads/2023/05/image-89.png" alt="" class="wp-image-37771" srcset="https://chaindebrief.com/wp-content/uploads/2023/05/image-89.png 732w, https://chaindebrief.com/wp-content/uploads/2023/05/image-89-300x118.png 300w" sizes="(max-width: 732px) 100vw, 732px" /></figure>



<figure class="wp-block-image size-full"><img decoding="async" width="747" height="419" src="https://chaindebrief.com/wp-content/uploads/2023/05/image-88.png" alt="" class="wp-image-37770" srcset="https://chaindebrief.com/wp-content/uploads/2023/05/image-88.png 747w, https://chaindebrief.com/wp-content/uploads/2023/05/image-88-300x168.png 300w" sizes="(max-width: 747px) 100vw, 747px" /><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" data-width="550" data-dnt="true">All the details about our innovative 3x Long <a href="https://twitter.com/search?q=%24GLP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GLP</a> Vault right here: <a href="https://t.co/D7afSaQiBD">https://t.co/D7afSaQiBD</a> Time to go long on <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a>, <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw">#ETH</a>, and <a href="https://twitter.com/hashtag/AVAX?src=hash&amp;ref_src=twsrc%5Etfw">#AVAX</a> while tripling the <a href="https://twitter.com/GMX_IO?ref_src=twsrc%5Etfw">@GMX_IO</a> <a href="https://twitter.com/hashtag/RealYield?src=hash&amp;ref_src=twsrc%5Etfw">#RealYield</a>!&mdash; Steadefi <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f499.png" alt="💙" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@steadefi) <a href="https://twitter.com/steadefi/status/1624023385570410497?ref_src=twsrc%5Etfw">February 10, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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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 &#8220;focus is definitely on launching new vaults right now&#8221;, with &#8220;plans for Camelot DEX, Curve’s tricrypto pool, ETH liquid staking yields, and more perpetual DEXes including Level Finance and the looming GMX v2.&#8221;.



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 decoding="async" width="769" height="525" src="https://chaindebrief.com/wp-content/uploads/2023/05/image-90.png" alt="" class="wp-image-37772" srcset="https://chaindebrief.com/wp-content/uploads/2023/05/image-90.png 769w, https://chaindebrief.com/wp-content/uploads/2023/05/image-90-300x205.png 300w" sizes="(max-width: 769px) 100vw, 769px" /><figcaption class="wp-element-caption">Image Courtesy: <a href="https://steadefi.com/farms">Steadefi, Farms</a></figcaption></figure>



By depositing your vault tokens in their<a href="https://steadefi.com/farms"> 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 &#8211; 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/">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">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" data-width="550" data-dnt="true">Hinted at our new <a href="https://twitter.com/CamelotDEX?ref_src=twsrc%5Etfw">@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" style="height: 1em; max-height: 1em;" /> All 4 vaults will receive extra $esSTEADY rewards Risk-off<a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> Lending Vault<a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$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">#Arbitrum</a> More <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <a href="https://t.co/DpDWEzIVi0">pic.twitter.com/DpDWEzIVi0</a>&mdash; Steadefi <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f499.png" alt="💙" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@steadefi) <a href="https://twitter.com/steadefi/status/1661610579986087936?ref_src=twsrc%5Etfw">May 25, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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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">Steadefi&#8217;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">Twitter</a> page for the latest updates on Steadefi and join their <a href="https://discord.gg/steadefi">Discord </a>channel, where they discuss upcoming events and new strategies being implemented! 



[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

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