See initial proposal here
Following same reasoning, I propose to deposit a further 400k USDC on Solend, currently yielding ~5% APY in USDC
Solend is #1 by TVL, extremely safe but unfortunately no token reward on USDC pool. We should also look at isolated pools once they are out.
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I actually think that’s precisely why this makes sense. If you forget the reward tokens, this one actually makes sense in terms of lending and borrowing rates.
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why not converting USDC in UST and then gain 18% on UST on SOLEND?
Solend has currently a 10m UST hard cap on deposits, and is now at capacity unfort. I agree once they increase the cap we should definitely rotate there!
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ooh so thats the issue… make sense, so lets deposit USDC there for while
Recently Solend allowed the withdrawal of the tokenized lending position (similar to how pUSDC works for Port). We can increase returns by depositing our USDC on solend (cUSDC) on Saber. Right now there is no farm but it should come soon according to this tweet
Pool is out, we can have a proposal tomorrow and deploy in the cUSDC/cUSDT farm → Saber | Solana AMM
rewards are out but still very low and liquidity is also low compared to what we would put in (400k)
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