defi farming I'm doing on @aptos using USDC giving me a net APR of 26.31% + airdrop opportunities
starting with @EchelonMarket
- supply USDC to get 9.96% APR
- borrow APT to at 4.1% APR
- earning Echelon points too
staking @kofi_finance
- with the borrowed APT, I take 50% of it and staked
- stkAPT give me 9.6% APR (covers 1/2 of the loan interest)
LP into @TappExchange
- with remaining APT and stkAPT
- LP into APT-stkAPT pool
- this gives me 33% APR
- and I earned TAPPs
and like @kantianum mentioned before when we are doing onchain participation, we are also signaling,
Maybe, just maybe, this could boost our chances for the @shelbyserves airdrop. While nothing is confirmed yet for Shelby, it's a great time to lean in.
this is the post that inspired the above
and I wanted to do it with USDC
it is also the fun part about defi on aptos now
because different dapps are coming out so one can get really creative around it
your starting point can be a LST / Stable / or even BTC
Aptos 101: Easy Farming
⇥ Mint sthAPT on @ThalaLabs (liquid staking token)
⇥ Supply it on @EchelonMarket for ~7.5% APR and earn Echelon Points
⇥ Borrow USDC on Echelon using your sthAPT as collateral
⇥ Head back to Thala and LP USDC/USDT
⇥ Stake your LP tokens on Thala to receive xLPT
⇥ Supply xLPT on Echelon for ~13% APR
⇥ You can loop your stable exposure if you want
Right now, Aptos ecosystem basically pays you to borrow money, farm the Echelon airdrop, and grow your onchain activity.
By combining liquid staking, supplying, borrowing, and LP farming, you're signaling strong on-chain participation...something that could boost your chances for @shelbyserves airdrop.
Nothing is confirmed for Shelby yet, but this is the perfect time to lean in and build that on-chain footprint on Aptos.
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