Update announcement on Curve LP rewards. Latest epoch is now live.
20 Apr 2023, 07:58
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Update announcement on Curve LP rewards;
Latest epoch is now live! Curve incentive rewards are continue across all FF previously incentivized FF asset pools
Due to incentivization total USD value across incentivized pools has grown to $9.24m
Yields available currently are;
~ ibEUR / USDC @ $2.98m TVL = up to 23.9% tAPR
~ ibEUR / sEUR @ $3.52m TVL = up to 19.5% tAPR
~ ibCHF / sCHF @ $941K TVL = up to 19.5% tAPR
~ ibGBP / sGBP @ 563k TVL = up to 29.7% tAPR
~ ibAUD / sAUD @ $461.6k TVL = up to 38.4% tAPR
~ ibKRW / sKRW @ $148.6k TVL = up to 120.65% tAPR
~ ibJPY / sJPY @ $623k TVL = up to 28.7% tAPR
Yield will scale downwards (i.e. decrease) with increase in pool TVL
š§-liquidity-providers can boost their yield rewards by depositing LP tokens within Yearn vaults or on Convex
Yearn Vaults - will auto-compound yield back into LP position & offers a 2.5x boost across all pools:
~ ibEUR / USDC; https://yearn.finance/vaults/1/0x9F8B5c0fc18B79DdFc05b21c43da7E324Cf3B8Eb
~ ibEUR / sEUR; https://yearn.finance/vaults/1/0xD347e7A3DdF5Ce4C42E19a4F30eEAA761795C72B
~ ibCHF / sCHF;
https://yearn.finance/vaults/1/0x72FaEA467BD88db6720A861e56A3a72B4Aa579DF
~ ibGBP / sGBP; https://yearn.finance/vaults/1/0xbE4afE6737CCf34cA21cdeF461E5C7547Adc8C77
~ ibAUD / sAUD; https://yearn.finance/vaults/1/0x1b905331F7dE2748F4D6a0678e1521E20347643F
~ ibJPY / sJPY; https://yearn.finance/vaults/1/0x59518884EeBFb03e90a18ADBAAAB770d4666471e
~ ibKRW / sKRW; https://yearn.finance/vaults/1/0x5359680A80c1FB2175cD33efF32f762e43cD8C41
Convex - will boost CRV rewards (1.8x - 1.9x) whilst also providing CVX rewards;
~ search pools for "ibEUR, ibCHF, ibGBP, ibAUD, ibKRW or ibJPY"
Reminders;
- Synthetix assets can be swapped between sXXX stables via Kwenta
Pro-tips;
Make sure to hold a synthetix asset prior to utilizing Kwenta, to do so acquire assets from existing pools
- sETH/ sUSD can be acquired from 1inch or curve (use to swap to sXXX via Kwenta)
- up to 364k of sEUR can be acquired from the ibEUR/sEUR pool (when purchased with ibEUR) at a discount due to pool overbalance + sEUR can be swapped to other sXXX via kwenta to enter other imbalanced pools for a bonus! (Additional bonus can be earnt on curve by providing ratio of assets that help achieve pool balance)
- similarly up to 490k of sAUD can be acquired from the ibAUD/sAUD pool (when purchased with ibAUD)
~ Pool Balances;
ibEUR / sEUR = 44/56% [buy sEUR at discount]
ibCHF / sCHF = 88/12% [buy ibCHF at discount]
ibGBP / sGBP = 90/10% [buy ibGBP at discount]
ibAUD / sAUD = 15/85% [buy sAUD at discount]
ibJPY / sJPY = 50/50%
ibKRW / sKRW= 87/13% [buy ibKRW at discount]
- Observe curve pool balance before entry as LP.
- Fixed Forex assets (ibXXX stables) can be borrowed from Iron Bank
Current Fixed Forex borrow rates;
~ ibEUR @ 2% APY
~ ibCHF @ 3.6% APY
~ ibGBP @ 5.8% APY
~ ibAUD @ 10.7% APY
~ ibJPY @ 2.3% APY
~ ibKRW @ 4.2% APY
Happy yield farming folks! šØāš¾