Currently, there are +8,000 coins on the market. To be honest, 95% of the projects are of no use and only serve for the founders to make enough money by getting their money out before the rest of the investors.
Locating the top winners and holding on to them long enough can earn us a lot of alpha.
This is especially true in DeFi. Given the ever-increasing number of new projects and ecosystems, it’s impossible for any single ape to stay on top of everything.
Arrakis Finance (SPICE)
Arrakis (formerly known as G-UNI) is a Uniswap V3 liquidity management protocol. A recent spin-off of Gelato, a smart contract automation network, Arrakis solves several key pain points that come with providing liquidity to and building atop Uniswap V3.
This DeFi project is done on the Polygon network, which means that the commissions are infinitely lower than doing the same on the Ethereum network.
One of the most attractive liquidity pools we have found in this app is USDC/USDT. It basically consists of adding liquidity to a pool with these two tokens that are generally going to keep a 1:1 ratio in exchange for a +11% yield.
Undoubtedly much higher than what a traditional bank gives us.
Anchor Protocol has announced that it will begin to lower its yield, so investors in stablecoins should look for alternatives.
Qi DAO (QI)
Qi DAO is a multi-chain, overcollateralized stablecoin protocol. Like Maker DAO, users can deposit various forms of collateral into vaults to mint MAI, the protocols native stablecoin. Similar to Liquity, vault depositors are not required to pay interest, instead only having to pay a flat 0.5% fee when repaying debt to redeem a position.
Another excellent alternative to Anchor. It is a protocol that gives up to 14% to take care of our USDT.
For this, it is necessary to transform our USDT to amUSDT by means of AAVE and start obtaining a very good Yield from the first moment.
Qi DAO seems poised to reap the rewards of a stablecoin sector that is exploding in growth. In addition, the protocol should benefit from the potential for increased demand for QI due to its ve-model, particularly due to the right of holders to vote on the direction of emissions to the protocol’s various vaults.