yoooo okay this one is right up my alley. Aerodrome has a 500k deep sAMM pool of jEUR and EURA, both are stable coins pegged to the Euro monetary unit so the risks of this pair are minimal - their respective prices will be very closely correlated unless a crazy sell-off or rally happens or the tokens themselves or their issuing companies gets hacked.
Got it? Good. Stable coin pairs are the least risky pairs in all of crypto in terms of LP’ing. And this one has a 22%APR right now, so keep reading you risk-managed degen financial maven, you!!
Here are the Coingecko sites for each respective coin. jEUR (Jarvis Synthetic Euro issued by Jarvis Network) and EURA, which is issued by Angle
How to enter into the Aerodrome sAMM-jEUR/EURA pool:
You need to head to Aerodrome’s defi website and sign-in with your browser or hardware wallet of choice. Be VERY careful navigating to Aerodrome’s site, some asshole made a scam site where the “Aero” part is misspelled by one letter and that site is a wallet drainer that will ask you to sign transactions immediately after connecting your wallet. Here’s the correct Aerodrome site one more time for those in the back.
Once you’re signed-in on Aerodrome, you need to get some jEUR and EURA. I swapped some ETH for both tokens and set the slippage to .01% and paid less than 1 cent of ETH in gas for both txns and they both were executed in seconds after clicking “confirm” using Aerodrome’s swap. BASE chain really has become quite based after the past year of tweaks and blobs.
Once you’ve got some jEUR and EURA, head to the liquidity deposit page that I have linked here or look above under the screencap. If you click the available amount of jEUR at top, it will match it with the available amount of EURA, they’re very roughly equal but EURA is worth slightly more than jEUR at the time of this writing so just add some more EURA if you don’t have enough in parity with jEUR.
Once you’ve got your pair’s balances up click on deposit, you’ll be asked to create one-time allowances for your tokens to be spent by Aerodrome’s AMM so just approve those (it will cost less than 1 cent of ETH in gas thanks to blobs!). Once you’ve approved your tokens, just deposit them, you’ll be asked to pay for and sign one more txn for less than a cent of ETH in gas.
Now - here is where the fun earning strats begin. You’ve deposited your jEUR-EURA pair on Aerodrome, now you can choose if you want to stake your deposited LP and earn ~22-23%APR that the AMM rewards you with by automatically selling AERO emissions and paying you in jEUR and EURA.
Staking it here on Aerodrome is great! 500k total value locked on Aerodrome means that a higher volume will pay out consistently for depositors. That’s one strategy. OR you can be a little degen and stake your deposited jEUR-EURA pair on our favorite little gem of a liquidity aggregator, **Impermax, and go balls-to with leverage. **
Since you’re reading this, you’re probably BASED and want to go the degen route likee me, so here’s what you want to do.
Head to Impermax and set your chain to BASE. Go to this pair and deposit your jEUR-EURA sAMM LP on Impermax that you created on Aerodrome.
The pool is small right now but it’s already base-earning ~34%APR with the same LP that you would be earning ~22-23%APR with had you staked on Aerodrome instead because Impermax compounds and reinvests your LP, no need to claim any rewards. If you degen and leverage up, you could be earning up to 271.37%APR on your stable pair. I DO NOT recommend leveraging to 20x…your chance of getting liquidated by the AMM would be quite high. But you could safely and comfortably leverage to 5x right now and be fine.
The cool thing about Impermax is that you can leverage/borrow against your own LP and stake those single borrowed tokens into the supply and earn passively on your tokens. So, not only can you double or triple your APR by leveraging up your LP (with very low risk because it’s a stable pair), you can hedge against your leverage by staking your borrowed tokens into the single-side supply for that pair. It’s truly based.
Support my BASED blog!
If you’re interested in switching to a better phone plan that actually pays you to be on on the largest publicly-owned data network, sign-up with Helium Mobile using my referral code so you get $5 off your bill and I get $5 off mine!!
https://my.hellohelium.com/ref/VDSZUTH
评论 (0)