OH! Finance New Strategies for Avalanche
OH! Finance new strategies for Avalanche, implementing new techniques for their Avalanche network vaults, which will make use of Yeti Finance and Curve Finance!
OH! Finance New strategies for Avalanche, OH! Finance’s yield optimizer allows customers to earn significant APYs on single-sided native $USDC and $USDT deposits. Watchpug has audited this approach.
How to Use the New OH! Finance Strategy
Users who already have $USDC.e or $USDT.e deposited in any of OH! Finance’s existing Avalanche-side vaults using the Aave strategy will need to move their tokens to the new OH! Finance Yeti vaults to get the new yields.
Moving your tokens is simple. Here’s how to do it:
While connected to the Avalanche network, first withdraw your tokens from the OH! Finance’s Aave vault(s). Next, swap your $USDC.e or $USDT.e to native $USDC or $USDT on an automated marker maker (AMM) on Avalanche. Popular AMMs on Avalanche include Trader Joe, Platypus, and GMX.
Finally, deposit them into the new Yeti vaults on OH! Finance’s app.
Yeti Finance
Yeti Finance is a next-generation decentralized borrowing protocol built on the Avalanche network. With more than $80 million in total value locked (TVL), this innovative protocol enables users to borrow against their entire portfolio for a 0% interest fee, while continuing to earn farming rewards for deposited assets.
Curve Finance
Initially built on the Ethereum network, Curve Finance is one of the largest DeFi protocols, with more than $6 billion in TVL across 10 chains. Curve is an exchange liquidity pool. It is designed for extremely efficient stablecoin trading, low risk, and supplemental fee income for liquidity providers, all without an opportunity cost. Curve allows users and smart contracts like 1inch, Paraswap, and others to trade between stablecoins with a custom low slippage, low fee algorithm designed specifically for stablecoins and earn fees.
About OH! Finance
OH! Finance is an optimized yield-generation protocol, focused on reducing risk and increasing volume exposure. Start earning industry-leading interest rates on stablecoins in just a few clicks: https://oh.finance.
SOURCE:
https://ohfinance.medium.com/new-yeti-curve-strategy-unveiled-on-avalanche-bd1f86d6d799
