ibEUR Curve LP Incentive Update.
26 Jan 2023, 14:06
ibEUR Curve LP Incentive Update;
- As of this epoch, CRV emission incentive will be returning to the ibEUR pool pairs (USDC & sEUR). ibEUR will continue to be prioritized consistently
- As fee distributions have returned for vKP3Rs this ensures that fee distribution rewards can be swapped or LP'd for yield at user discretion
- To help maintain peg balance of these pools, swapping functionality has been ceased pending upcoming enhancements of AMM functionality
- This means that the amount of ibEUR available to enter the pools is limited to ibEUR already in circulation, new ibEUR added to circulation through fee distribution or new borrowing from Iron Bank
- This presents good opportunities for USDC or sEUR holders to enter these pools and earn yield from CRV rewards + swap fees
Yields available are;
ibEUR/sEUR @ $1.2m TVL = 52.3% tAPR
ibEUR/USDC @ just $6k TVL = 16,736% tAPR
Remember that yield scales downwards as TVL increases & that boosted yield can be achieved where LP token is locked on Convex
Keep3r will continue to incentivize the ibEUR pools across future epochs consistently to attract TVL