There is a new project that came out in less than a week that is offering some amazing yields. The yields are so good that even stable coins pools are exceeding 100% APR. What is this project?
Excalibur
The protocol runs on Fantom chain but there are tokens such as UST over on Terra that can be applied to pools on the platform. The way users earn EXC tokens is to partake in pools. EXC is the project's native tokens and in the white paper it was disclosed EXC is a inflationary token.
While farming on the protocol will only yield EXC tokens the tokens can be sold for stable coins, fantom FTM, or another token native to Excalibur called Grail. Grail different from EXC in that one can stake their Grail to earn fees collected on the platform.
The conversion rate from EXC to Grail is literally one for one. Meanwhile the APR yield is over 1,000% for staking Grail. The rewards earned are in FTM and UST tokens!
To end this post on a high note for investors who are willing to lock up their liquidity in the pools for longer periods they earn an additional % in the pool yield. That means one can potentially earn close to 200% in yields just on stable coin pools.
Conclusions
Excalibur has more than just stable coins pools and the yields on many of these pools have very high % APR. It maybe high because the protocol is new, but yields are yields. At a TVL of over $17 million it is a small cap project. There has been an audit on the protocol.
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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