Saber and Port currently have a very generous liquidity mining program through Quarry.
Currently Port rewards 2% USDC APY + 2% PORT APR for USDC deposits on their protocol. Those USDC can then be kept as collateral and an IOU can be withdrawn, pUSDC. pUSDC can be staked on Saber in the pUSDC-pUSDT LP and the LP tokens can be staked on Quarry for a ~11% APY in SBR + ~15% APY in additional Port rewards
Therefore I propose to
deposit 400-500k USDC on Port
withdraw pUSDC from Port and stake them in the pUSDC-pUSDT LP on Saber
so it looks like that Quarry was falsely adverting the PORT yields as the rewards ran out and the IOU tokens are currently worthless (SBR is still paid out). More info here
Given this I think we should withdraw and reallocate the USDC. Also until the teams do something to fix it we should be careful in using Quarry and double check that the yields advertised are actually paid out
would suggest moving around 150k equivalent to crema finance which has concentrated liquidity for stables and around 2% native + 6% liquidity mining. Lifinity also has a very interesting approach a would consider putting some funds there once they are out of the beta / audited