Reserve
@reserve
Holding stables on @base? Why not mint High Yield USD (hyUSD) and earn a whopping 8.8% APY π«πΆπ΄π΅ π§π°π³ π©π°ππ₯πͺπ―π¨ while enjoying overcollateralization Likewise, you could stack RSR by staking it on hyUSD β get started β https://app.reserve.org/base/token/0xcc7ff230365bd730ee4b352cc2492cedac49383e/overview
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Elie
@elie
Any risk here? How is the yield so high?
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Reserve
@reserve
The risk is low. The underlying collateral is spread between these three assets; the yield is shared with hyUSD holders and people who stake their RSR on hyUSD. If one of the underlying assets experiences a depeg, RSR gets slashed to make hyUSD holders whole
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Elie
@elie
Why not just put it in aero?
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Thomas Mattimore
@mattimost.eth
you could always just put it all in aero. generally in defi, to get yield with stables you are always "lending assets to do something" in DEXs its lending to trade, in lending markets its lending to borrow. both have varying risks. benefits of hyUSD is diversifying across a variety of those types of activities to reduce overall risk
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