This just seems impossible to believe but yet its real. As of now Beefy.Finance got hold of the pools I had mentioned a couple days ago here.
Anyone not know Beefy.Finance should try it out or at least look at it. An auto-compounder that take the rewards earned and restake into the pool on a daily basis. For this specific UST : USDC pool you will need Avalanche and provide the 50%/50% tokens in Pangolin. In return you get Pangolin's liquidity pool tokens and then on Beefy.Finance deposit the tokens and stake them to earn the crazy 68.69% APY yield.
Other Terra Liquidity Pools Yielding Over 100%
If you are bullish on Avalanche look no further to invest in UST : AVAX pools in Pangolin and Trader Joe as the yields right now are insane. We are talking about pairing a decentralized stable coin in UST with a native token on closing in top 10 blockchain by market cap AVAX.
Conclusions
Beefy.Finance is very easy to use and connects to your Metamask through multiple blockchains as there are various pools across the platform. I am simply focusing on Avalanche due to its current promotional pools in Terra tokens UST. One other note worth mentioning here is that those pools have additional Luna rewards for participating daily. That is likely an additional boost in yields making up for nearly the 70% in APY. I have never seen such a high yield for well established stable coins in both UST and USDC. Just insane.
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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