Andre Cronje

Earn 48% APY on Stablecoins on @SonicLabs 🚀 While markets are volatile, why not just hold $ on @ShadowOnSonic & get 12x points for the Sonic airdrop? ⭐️ 🧵 Here's the easy step & tips on how 👇 1⃣ Swap stablecoins to frxUSD & scUSD 💵 You can use Shadow to swap any stablecoins to the two assets you to provide in the LP (frxUSD & scUSD) ✅ - frxUSD is a $348M MC yield bearing stablecoin by the @fraxfinance & @BlackRock teams. - scUSD is the yield bearing @Rings_Protocol USD stablecoin. Because both of them are backed by solid protocols & teams, I do not expect any depegging events to occur which is why I love this opportunity. 2⃣ Provide fsxUSD & scUSD on @ShadowOnSonic 🚀 Now comes the fun part. While the yield shows up to 150% APY on the main page for this pair, that involves placing it in a 1 tick LP which means you will likely only be in that range for half a day BECAUSE scUSD is a yield-bearing asset meaning even though it is correlated with fsxUSD, it will go up around 5% a year vs fsxUSD. My favourite strategy here is to provide the pair within 3 ticks from one another ✅ This will give you 48% APY but mean you only have to rebalance your position once every 3-4 days ✅ Minimal effort & now you're earning 12x Sonic points & 48% APY on your stablecoins! 🚀 Thanks for the best stablecoin yield in the game @AndreCronjeTech 🔥 -------------------------------------------------- Hope you liked the thread today & shoutout to the Sonic community! Worth giving everybody a follow to stay up to date with the latest updates! @KingsFantom @cryptohamm @Sonichub_ @crypto_linn @SonicAssistant @hackapreneur @SonicEcosystem @SellekArt @Lorem_Ipsum95 @YJN58 @block_ecologist @theFantomgoat @SjHarcourt @mr_pschmitt @Foxi_xyz @Lady_Mania528 @itskkoma