Curve v2 Polygon Markets Liquidity Mining Rewards - wBTC/renBTC Farm & Staking
1. July 2021
No financial advice - Make your own research
This investment strategy is based on one or two crypto coins added to a liquidity pool and then staked to earn rewards.
The transactions are executed on the Polygon network and uses two decentralized exchange:
- AAVE
- CURVE
Let's assume an initial investment amount of US$ 10'000
First of all we need one or two crypto coins with the total value of US$ 10k :
- wBTC (US$ 5'000)
- renBTC (US$ 5'000)
In case that you do not own any wBTC but another crypto currency like USDC, DAI, ETH, MATIC then you can invest those in AAVE on Polygon and borrow wBTC.
Currently you would pay a very low interest rate and receive some MATIC tokens by using the AAVE lending platform.
Once you have one or both crypto coins with a total amount of equivalent of US$ 10k then you select the ren BTC Pool on Curve and deposit the liquidity into the pool.
Now you need to stake the LP tokens in gauge. Immediately you start earning USD, CRV and MATIC tokens and LP fees.
| Snapshot |
Quotes |
Borrowing BTC |
|
Liq.Pool Farming |
| 01.07.21 |
wBTC/renBTC: 1.00
|
wBTC: -0.89% (APR)
MATIC: 0.45% (APR) |
|
wBTC/renBTC: 55% (APY) |
| Analysis |
Investment |
Daily ROI |
Weekly ROI |
Monthly ROI |
| 01.06.21 |
$ 10k |
$ 15
0.15% |
$ 105
1.05% |
$ 452
4.52 |
| History |
Investment |
ROI (Daily) |
APR |
wBTC/renBTC |
| 01.07.21 |
$ 10k |
$ 15 |
55% |
1.00 |
| 02.07.21 |
$ 10k |
$ 6 |
21.7% |
1.00 |
| 03.07.21 |
$ 10k |
$ 4.3 |
15.6% |
1.00 |
| 04.07.21 |
$ 10k |
$ 3.8 |
14.0% |
1.00 |
| 05.07.21 |
$ 10k |
$ 3.3 |
12.1% |
1.00 |
| 06.07.21 |
$ 10k |
$ 3.0 |
11.1% |
1.00 |
| 07.07.21 |
$ 10k |
$ 2.3 |
8.44% |
1.00 |
| Total |
$ 10k |
$ 37.8 |
20% |
|
Strategy update 1. July 2021:
Polygon is pleased to announce matching of CRV rewards with up to $6 million for the next 16 weeks as part of the liquidity mining program to promote the Curve pools, including Curve v2.
Strategy update 8. July 2021:
The wBTC/renBTC Curve Pool saw a sharp surge in liquidity last week. As a result, the yield has decreased from 55% to 8.44% APR. This strategy is now closed.
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