How to Earn 77% APY with xBasket
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🤯 xBasket for Degens
(The information presented below is for educational and informational purposes only. No part of this is financial advice or a recommendation of practices or actions. As with any DeFi strategy, certain risks such as smart contracts and bad acts apply. LandX products are not available in the United States.)
xBasket introduces a superior asset class to crypto but DeFi strategies let you use it for incredibly high yields.
Let’s take a look at one strategy that can bring in over 75% APY.
To kick this off we need xTokens. Since xBasket is a collection of all the xTokens wrapped into a single index that gives exposure to rice, corn, wheat, and soy, we’ll start there.
❗TIP: You can get xBasket right in the dApp at LandX.fi.
Since xBasket automatically compounds you’re automatically getting yield in cTokens (RWAs which are sold for USDC) that is used to buy more xBasket tokens, increasing your balance.
Just like that, you’re already earning ~18% APY from an inflation-hedged, volatility-resistant tokenized asset.
Very nice earnings but let’s level it up.
Option #1 — Staking in ISM
With your newly acquired xBasket, you have the option of staking in the LandX Insurance Safety Module pool to earn 44% APY. This rate includes the 18% APY xBasket automatically generates with yield paid in 100% USDC and autocompounding xBasket.
…but we can hear your inner degen voice pushing even further.
Option #2 — Looping
Thanks to Timeswap Labs being part of the LandX ecosystem, you can borrow USDC against xBasket without risk of liquidation. So…
Deposit xBasket on Timeswap as collateral.
Borrow USDC against it.
Purchase more xBasket with that USDC
Repeat
But it doesn’t stop there. For the full strategy, read the full article.
📰 Real World Assets Update
With volatility on the rise and the halving just around the corner, markets are churning out some stormy conditions, but the steady march of RWA progress continues.
The Defiant published an article outlining how real-world assets are empowering DeFi to deliver on its promises of a brighter financial future for all. The piece covered everything from bringing new rails online to credit tokenization to security implications and more.
VeChain has invigorated its focus on tokenized RWAs and captured mainstream attention in a recent appearance at Paris Blockchain Week. In a blog post, the team also announced an upcoming reveal scheduled for UFC 300 which will introduce the integration of blockchain tech with sporting apparel that "enhances both athlete performance and improves the fan experience".
EOS entered the arena by tokenizing a real-world asset we haven't seen - Random Access Memory (RAM). RAM is widely used by dApp transactions on the EOS blockchain but has been painful due to the requirement of direct interactions through the network's Automated Market Maker. By tokenizing this RWA as WRAM, EOS has enabled off-chain trading without transaction fees.
Read the full post.
🤝 AMAs, Round Tables, and Interviews
This week on Farmers Market #65, we gathered the DeFi gigabrains to discuss concentrated liquidity in depth.
For a clinic on everything from the basics of providing liquidity to industry professionals sharing their preferred yield strategies, check out the latest episode.
Catch the recording here.
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Telegram: https://t.me/landxfin
Please note LandX products are not available to US users.
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