A method for mining based on frxUSD at Curve has been introduced with @FalconStable.
In the case of Curve, you can receive CRV rewards, and currently, the frxUSD/USDf pairing offers a maximum CRV reward of 21.4%. This is slightly higher than the USDC/USDf pool currently running on Curve.
Excluding the additional yield from CRV, the current Base vAPY is approximately 0.3%.
For reference, to maximize CRV rewards, individuals need to hold a significant amount of CRV, and there are services that can help preserve this.
In the case of Curve, there are Curve Gauge, StakeDao, Convex, and Beefy. After creating an LP on Curve, for example, I have placed my LP tokens in StakeDao. This allows me to receive nearly 21% in CRV rewards.
The reason for using StakeDao is also because it allows for the simultaneous receipt and processing of Pendle LP rewards. I am currently in a state of claiming all CRV and Pendle rewards from one place and converting them back into USDf for reinvestment.
Thanks to Baekho's lightning-fast processing, I received 500 USDf. To be precise, I received it as USDT on the Binance Smart Chain.
So, seeing it as an opportunity, I decided to use the 500 USDT to provide liquidity. First, I went to the official website of @FalconStable and clicked on the official liquidity provision link for PancakeSwap.
Of course, you could just find it on PancakeSwap, but doing it from the official website has the advantage of ensuring you find the correct liquidity.
Also, since there is no USDf on the Binance Smart Chain, only USDT, I need to convert part of it to USDf. At this point, you can easily convert it using the Zap feature. There is a small zap fee, but it's much wiser to use zap rather than manually matching the ratios for the concentrated liquidity range.
By zapping the 500 USDT, I adjusted the liquidity to USDf/USDT and started mining 40x miles as a result.
However, since I am already providing liquidity on Curve, I think I could get another Falcon Full House Bronze badge by adding just $200 worth of liquidity on Uniswap. I guess I need to look for about $200 lying around on the Ethereum chain. Hehe.
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