[Weekly] Market Return on StableCoin-based Strategies(26 December 2022)

We provide a weekly update of the platforms we track, based on the strategies discussed in Serenity Fund’s Overview of Stablecoin Investments 2022 and the periodical updates.

(Note: Yields derived from mining reward tokens are based on the prices of tokens on 26 December. Yields that are cumulative, e.g. Uniswap and Binance funding rates, and are actual yields over last week, compounded weekly to derive the APY.)

(Note: this is NOT a portfolio. This is an average yield calculation of each risk category, to be used as a reference or benchmark in assessing the risk-return of an investment or a portfolio.)

Quick analysis on 26 December:

  • Risk Free Rate: 1.36%. Risk free rate, representing the safe yields from USDC lending yield in Compound, Aave and Euler, on Ethereum, is higher than last week’s 1.16%. Liquidity in the lending market has declined slightly over last week, pushing yield higher.

The above summary is a snapshot of what the market looks like over the last week and as of Monday. This is by no means the portfolio of any of Serenity Fund. Neither is the above table meant to be a ranking table nor to be exhaustive. There are various other defi protocols and products that can offer different risk and return exposures. Follow our Twitter below to have more timely and detailed information on the defi market.

(Serenity Team, 26 December 2022, Twitter: https://twitter.com/SerenityFund )

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Zero market risk and stable return - risk neutralised cryptocurrency fund.

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Zero market risk and stable return - risk neutralised cryptocurrency fund.