With $RING successfully deployed on Optimism, the community can now earn tremendous yield on their $RING holdings by supplying $RING/$ETH liquidity on Velodrome Finance (with APR currently over 200%!). As OneRing announced its Integration with Velodrome.

$RING is off to the races

OneRing began accumulating and locking $VELO in late November in order to enhance the platform’s voting potential in Velodrome gauge votes which directs $VELO emissions to $RING/$ETH liquidity providers.

At the time of writing, OneRing has secured 1.34m veVELO giving the platform tremendous voting power and currently providing over 200% APR in emissions for our LP. Here is how you can begin earning some of that sweet, sweet yield:

1. Purchase $RING on Velodrome: https://app.velodrome.finance/swap
2. If you already hold Fantom-based $RING, you can bridge it using Multichain: https://app.multichain.org/#/router

Now that you have $RING on Optimism, you can provide liquidity and begin farming!

• Provide $RING/$ETH liquidity on Velodrome: https://app.velodrome.finance/liquidity/manage?address=0xbc002657b3642be7fb607d31aaba8479ea8662d6

Buy and lock $VELO and vote for the vAMM-WETH/RING pool:

• Buy $VELO on Velodrome and lock it here: https://app.velodrome.finance/vest
• Vest $VELO to receive veVELO, lock more tokens for a longer period of time for higher voting power: https://app.velodrome.finance/vest
• Vote for ‘vAMM-WETH/RING’ to earn your share of the bribes: https://app.velodrome.finance/vote

­

About Velodrome Finance

Velodrome is a decentralized exchange (DEX) that combines the best of Curve, Convex, and Uni v2 into a cohesive automated market maker (AMM) designed to serve as Optimism’s premiere ecosystem-native liquidity layer and growth engine. The protocol’s ve(3,3) design blends vote-escrow, voter rewards (bribes), locked rebases, and constant emissions into a single dApp to create a robust flywheel previously only possible through several protocol layers.

Website | Twitter

­

About OneRing

OneRing is the first multi-chain cross-stable coin yield optimizer in the space. The goal of OneRing is to take away the complexity of DeFi and make things easy for the user. By this, we will be able to open the DeFi space for a whole new layer of users that want to receive yield on their stables instead of just having them sit in their wallets. With a strong network of partners, KOLs, advisors, and such, OneRing aims to go right to the top and set new benchmarks for DeFi.

Website | Twitter

­

SOURCE: MEDIUM

REQUEST AN ARTICLE

The post OneRing Integration with Velodrome appeared first on Smart Liquidity Research.

Velodrome is an AMM (Automatic Market Maker) designed to provide deep liquidity, low swapping fees, and low slippage within the Optimism ecosystem. Revest Partners with Velodrome, Built on top of the groundwork laid out by Solidly. Their team has addressed that first iteration’s core issues to realize its full potential.

Velodrome rewards liquidity providers and active governance participants through VELO (their native token) and veVELO distribution. Revest Partners with Velodrome, Liquidity providers (LPs) receive VELO emissions. Vote-escrow VELO (veVELO) holders vote on which liquidity pools receive VELO emissions. In return, voters receive the trading fees and bribes collected by the pairs they vote for. This structure helps incentives flow to the most valuable pairs for the ecosystem.

Who is behind Velodrome Finance?

The team behind Velodrome Finance previously launched veDAO. veDAO’s founding mandate was to engage with the Solidly ecosystem, a protocol launched on the Fantom network by Andre Cronje.

The veDAO team has since developed deep subject matter expertise on both Solidly, the veNFT primitive, and the ve(3,3) mechanism, becoming a go-to resource for protocols and chains seeking support around these topics.

By the numbers, veDAO attracted $2.6B in TVL (total value locked) at its peak, securing ~10% of Solidly voting power and ~$1.1M USDC in treasury assets.

You can learn more about them from their fantastic interview with our friends at BlockBytes.

About Resonate

Resonate is a Yield Futures Protocol developed by Revest Finance and built on top of Revest’s Financial NFT (FNFT) technology. Using Resonate, we’re able to separate the principal and interest components of a position by issuing two FNFTs; one containing the principal and the other containing the rights to future interest on that principal. Resonate facilitates the commerce of the rights to future interest by matching issuers (who want to sell their interest rights for a one-time upfront payment), and purchasers (who want to buy the rights to future interest for a one-time upfront payment).

Website | Twitter

About Revest Finance

The Revest Protocol offers a revolutionary new use of NFTs as financial tools through the Financial Non-Fungible Token (FNFT). Individual and enterprise-level users can deposit any ERC-20 or ERC-721 into Revest’s interactive FNFTs and set custom unlocking conditions (time, value, or contract-based). Revest allows the tokenization of all non-fungible financial positions with non-fungible tokens. This simple turn-key solution offers elegant applications ranging from token vesting to cutting-edge implications for derivative and borrowing/lending platforms. Revest’s flagship product, Resonate, is underpinned, fundamentally, by this innovative technology.

Website | Twitter

SOURCE

https://revestfinance.medium.com/resonate-announces-partnership-with-velodrome-finance-c870e5bac0f0

REQUEST AN ARTICLE

The post Revest Partners with Velodrome appeared first on Smart Liquidity Research.

Beefy Finance Advanced Strategy. For holders of DAI, WETH, and WBTC on Optimism, Beefy’s new earning strategy offers a new way to earn native rewards of your deposited token. By using QiDao protocol’s collateralized loans system and Velodrome’s incentivized liquidity pools, you can start earning highly-optimized WBTC, WETH, and DAI rewards with just one Vault.

How does the strategy work?

1. To begin, users deposit WBTC, WETH, or DAI into one of Beefy’s Aave Vaults on Optimism. This provides the user with mooTokens.
2. The mooTokens are then leveraged using QiDAO to take out MAI loans with 0% interest (and also providing QI earnings when leveraging WETH).
3. MAI is deposited on Velodrome in USDC, LUSD, and agEUR liquidity pools.
4. These LP tokens are then autocompounded in Beefy Vaults.
5. The total rewards are then converted back into the originally deposited asset (WBTC, WETH, or DAI).

Note that the initial debt ceilings for the MAI vaults are set at:

• WBTC- 100,001
• WETH- 100,001
• DAI – 50,001

What is a mooToken?

If you interacted with Beefy before, you would have noticed that after you deposited in any Beefy vault, you received in exchange a new token with the prefix “moo” that represents your share in the vault.

For example, if you deposit BNB into the BNB Vault, you’ll receive mooBNB tokens that represent your share of the vault. The amount won’t match 1:1, but you’ll always get back your original deposit plus any interest earned.

Beefy always recommends not selling your mooTokens on unsupported platforms, because most of the time this will result in a loss of funds. However lately more and more Dapps are giving utility to mooTokens and the ability to use them as collateral or leverage. This means that you can deposit your mooTokens in other projects like QiDao.

About QiDao

QiDao lets you hold onto your crypto while also allowing you to spend its extracted value. By staking your crypto, you can borrow the MAI stablecoin at 0% interest, with each token pegged to the dollar. Your crypto simply acts as the collateral.

To mint MAI, users deposit their tokens into a specific MAI vault for their cryptocurrency on the Polygon, Fantom, & more. MAI overcollateralized, meaning that you will only receive stablecoins at around two-thirds of the value of your crypto deposit.

About Velodrome

Velodrome an AMM on Optimism designed to provide deep liquidity and low fee/slippage trades. The protocol improve fork of the Solidly Exchange launched by Yearn founder Andre Cronje & has seen a large following & volume staked since its launch.

About Beefy Finance

Beefy Finance is a Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto holdings.

Through a set of investment strategies secured and enforced by smart contracts. The Beefy Finance automatically maximizes the user rewards from various LPs. The ‌Automated market making (AMM) projects,‌ ‌and‌ ‌other yield‌ farming ‌opportunities in the DeFi ecosystem.

Website | Twitter |

Source

REQUEST AN ARTICLE

The post Beefy Finance Advanced Strategy appeared first on Smart Liquidity Research.