How I gained an exposure to an 87% APY via a stable farm on Katana
Considering the way the market has been behaving, I am of the perspective that stabling up is one of the best ways to survive the market.
We have various ways of earning yields in the market and they range from Borrowing, Lending, and Liquidity provisions in various dapps
In the process of my exploration, I came across
@spectra_finance and they offer a 87% APY for providing liquidity into the
$vbUSDC pool on katana
The only problem with this is that the pool expires in about 2 weeks (february 13) , better late than never, huh?
To get started, we would:
> visit
jumper.exchange/missions/kat… then we would connect our wallet.
> After connecting our wallet, we would bridge at least $50 of any asset from any of these chains (Ethereum, Base, Arbitrum, Solana, HyperEVM, Optimism, Monad, Polygon, Avalanche) to katana.
For example, swap from
$ETH on base to
$USDC on katana for easier verification.
The above step is to give an extra boost in APR as Jumper has a shogun campaign with katana.
> We would go to
app.spectra.finance/pools/ka… then we would connect our wallet.
Afterwards, we would proceed to deposit our
$vbUSDC into the pool in other to get an exposure to the 87% APR the pool has to offer.
Upon depositing into the pool, we would get an output that has a LP and YT token. This LP and YT token make up the entire pool.
For example, a deposit of $105.2 into the pool is going to give me a $105 in LP and a $0.15 in YT.
> To check our LP position, we would go to
app.spectra.finance/portfoli….
That would be all for now.
I would also be on the look out for more comfy stable farms.
stay tuned for more updates.
goodluck!