Staking projects are not favored due to poor market conditions and high risk of principal loss. Instead, consider farming stablecoins, which at least have no significant price volatility risk. Here are 8 funded projects where you can farm stablecoins.
Level
Level is an Ethereum stablecoin protocol that has raised $6.2 million, with Dragonfly and Polychain leading the investment.
Level has launched XP points, where users can deposit stablecoins into the corresponding protocol to earn level XP.
1/Hold USDC on the Ethereum mainnet and convert it to lvlUSD: https://app.level.money/buy
2/Deposit lvlUSD into XP Farm (7-day withdrawal time), which is the simplest way to earn XP: https://app.level.money/farm
3/Other methods, such as holding lvlUSD YT, staking Curve stablecoin pool LP tokens, lending with lvlUSD on Morpho, etc., can be explored through DYOR.
Loopscale
Loopscale is a new lending protocol on the Solana chain, having raised $4.25 million, with Coinfund and Jump Capital leading the investment.
Loopscale launched its beta test and points program on 04/11, where using Lend/Loop/Borrow functions can earn points.
For those who only want to deposit stablecoins, you can directly deposit into the genesis vault pool of USDC/USDG:
Momentum
Momentum is a DEX in the Sui ecosystem, having raised $10 million, with Jump Crypto and Varys Capital leading the investment.
Momentum has not announced a points program, but the Sui ecosystem has recently seen many opportunities with high interaction heat.
Those looking to prepare in advance can consider depositing idle funds into stablecoin LP pools.
Pools like USDC-USDY, aUSD-USDC, FDUSD-USDC all offer over 20% APR: https://app.mmt.finance/liquidity?state=v3
Infrared
Infrared is a PoL infrastructure on the bear chain, having raised $18.75 million, with Yzi Labs and Framework leading the investment.
Although Infrared has not held a points program, a token is confirmed, and now might be a good time to farm.
1/Using BYUSD-HONEY as an example, you can provide stablecoin liquidity on BEX now: https://hub.berachain.com/pools/0xde04c469ad658163e2a5e860a03a86b52f6fa8c8000000000000000000000000/details/
2/Then stake the LP receipt token on Infrared: https://infrared.finance/vaults/bex-byusd-honey
Perena
Perena is a stablecoin infrastructure on Solana, having raised $3 million, with Borderless Capital leading the investment and Yzi Labs participating.
Perena is conducting a Pre-Season points program, which users can earn through the following methods:
1/Limited to 5 swaps per day. Points are given based on your trading volume: https://app.perena.org/swap
2/Keep your LP in stablecoin pools for an extended period. Earn a 1x points multiplier after 2 weeks, up to a 3x multiplier after 2 months: https://app.perena.org/swap
Aster
Aster is a Perps DEX on the BNB chain, invested in by Yzi Labs.
Due to multiple interactions between CZ and Aster, the project has maintained high popularity. Aster is currently running an S1 season points program where trading contracts and depositing assets can earn points.
Users can mint and hold assets to earn AU points. To maximize points, two strategies can be chosen.
1/(Simplest) Mint and hold USDF to get a 20x AU points multiplier: https://www.asterdex.com/en/usdf
2/(Highest points multiplier) Create and stake an LP pool of USDF/USDT on PancakeSwap to get a 35x AU points multiplier: https://www.asterdex.com/en/earn/ecosystem
Huma
Huma is a Payfi protocol on Solana, having raised $46.3 million, with Distributed Global leading the investment.
Huma launched the Huma Feather points program, where users can deposit USDC to earn a 10% APY + points. Huma offers two stablecoin deposit modes: Classic and Maxi.
The former allows users to earn stablecoin APY and Huma points. The latter does not provide APY but offers higher points multipliers.
Additionally, users can lock their liquidity to further enhance their points multiplier, DYOR: https://app.huma.finance/
Noble
Noble is a stablecoin issuance infrastructure in the Cosmos ecosystem, having raised $18.3 million, with Paradigm and Polychain leading the investment.
Noble launched USDN yield stablecoin and a points program, offering users two choices after purchasing USDN:
1/Deposit USDN into the Yield vault to get 13.5% APY, but no points.
2/Deposit USDN into the Points vault to earn Noble points, but no APY. DYOR: https://points.noble.xyz/
