wijuwiju.eth (mopzy.eth) on Warpcast

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wijuwiju.eth (mopzy.eth)

OK, I got some EURC, what can I do with it onchain? So far the only thing I've found is @morpho's EURCs, but I'm having hard time to understand how does it work, underlying assets seems to be just variations ETH? and you get a juicy MORPHO/WELL boosted APY, but why and for how long? Also tried doing @aerodrome EURC/USDC, but it ain't a real stable pair, lol. Would need active rebalancing if you want to target a competitive range, anyone knows a good solution/provider here? Because you need to stake to earn AERO, but staking/restaking/rebalancing the pair ain't a passive income, no more..

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kugusha 🦋 pfp

EURC that you're depositing to a vault is then lent out to borrowers. To get a loan in EURC, borrower need to put a collateral (weth, cbeth, cbbtc - blue-chip. low risk). Borrowers are also paying interest on their loan. APY on the lenders side is calculated as net apy (what borrowers are paying) + rewards in tokens. For Moonwell EURC - 18.3% APY 6.92% net apy + 6.65% $MORPHO + 4.73% $WELL Moonwell is rewarding lenders of their vaults with $WELL. The grant was submitted for the next 6 months. Morpho also rewards all lenders in $MORPHO. With a current token price it results in 6.65%, any changed in the rewards program will be first proposed on the governance. e.g. MIP 82 - Increase MORPHO Reward Rate on Base: https://forum.morpho.org/t/mip-82-increase-morpho-reward-rate-on-base/1080 lmk if you've more questions, would love you to try Morpho 🦋

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@baseddesigner.eth

in my eyes eurc only makes sense to pay for stuff in europe, send to your bank, pay for rent etc

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