Original | Odaily (Odaily China)
Author | Azuma
This column aims to cover low-risk yield strategies primarily focused on stablecoins (and their derivative tokens) in the current market, helping users seeking ideal interest-earning opportunities to gradually expand their capital through U-denominated financial management.
Previous Records
New Opportunities
Movement Incentive Program
The Movement Foundation announced the launch of the DeFi Spring program on April 24, lasting one year and offering up to 250 million MOVE tokens as incentives.
The DeFi Spring program is divided into two parts: the first part is Move-based liquidity incentives, where users can earn rewards by trading or providing liquidity on Dapps like Arche Protocol, Canopy, Echelon, Joule Finance, LayerBank, Meridian, Mirage Protocol, Mosaic, Movedrome, MovePosition, PicWe, Pontem Lumio, Route-X, and YUZU, with this part of incentives already online; the second part is re-deposit incentives for Cornucopia assets, with the re-deposit window to be opened after Cornucopia asset unlocking.
Currently, it is recommended to deposit through lending protocols like Echelon and LayerBank, or build LPs on DEXs like Meridian and YUZU, with some stablecoin pools offering annual yields exceeding 20%.
Infrared Points Program
Berachain's leading project Infrared has officially launched its points program, with early interaction behaviors automatically tracked for points.
We previously recommended Infrared in our article on March 31 and wrote a detailed interaction strategy guide, which can be found in the article "Raised Over $18.75 Million, How to Aggressively Farm Berachain's Only Leading Project Infrared".
Symbiotic Secures Funding
Re-staking protocol Symbiotic announced completing a $29 million Series A funding round last week, led by Pantera Capital, with participation from Coinbase Ventures and over 100 angel investors from teams including Aave, Polygon, and StarkWare, such as Stani Kulechov, Sandeep Nailwal, Anton Bukov, Anurag Arjun, Andrew Huang, and Eric Wall.
Symbiotic had already launched its points program, and currently, there is still an efficient opportunity - using another popular stablecoin Level to achieve multiple benefits.
Due to the partnership between Level and Symbiotic, staking or creating LPs on Level can currently earn multiple rewards including base yield, Level points, and Symbiotic points.
Perena New Strategy
The previously recommended Solana ecosystem stablecoin project Perena (optional invitation code: GRLJKL) fixed its points display issue last week, now allowing real-time viewing of points and ranking.
Additionally, Perena has collaborated with Exponent for a new pool period. Currently, creating a USD* LP on Exponent can earn 3x Perena points (4x for users who participated in the previous pool), with an additional 17.59% APY.
Unexpected Incident: Loopscale Theft
Earlier yesterday, the Solana ecosystem lending protocol Loopscale was attacked due to manipulation of the RateX PT token pricing function, resulting in the theft of approximately 5.7 million USDC and 1,200 SOL, about 12% of the platform's total funds.
Fortunately, Loopscale reported this morning that the hacker has agreed to return most of the stolen funds, so this incident ultimately turned out to be a false alarm.
The code risk of on-chain protocols can never be completely eliminated, and this serves as a reminder to always diversify your holdings.
