First of all, this is more risky than for example simply using compound, because we will use 3 instead of 2 smartcontracts. And anything can happen :) Just be aware of the increased risks!
Move DAI
Move your DAI to iearn.finance
Move yDAI to Curve
Go to y.curve.fi and move your yDAI to the curve contract.
If you only trust in DAI, make sure to de-select
Again, this bears more risk than simply holding DAI (I would rather hold AMPL tho), or using it in compound.
For now it is worth it... and I hope curve/iearn come up with a compromise to insure against smartcontract hacks/failures in return for some APR. I would gladly trade in 5% APR to have my deposit insured!
Join me on Publish and get Free Tips Click Here!