A second round of incentives has landed on @eulerfinance
The Frontier yoUSD and @Alterscope WETH markets have just been boosted with rEUL incentives.
The goal? More liquidity for the savvy YOptimizer’s favorite activity: LOOPING.
On to the details: 🧵⬇️
Since last Wednesday, Alterscope WETH lenders have enjoyed boosted APY via @merkl_xyz USDC incentives.
Now, Euler has upped the ante by adding rEUL rewards.
Lenders can now earn:
→ 6.22% base APY
→ 2.26% rEUL reward APY (ends Aug 5)
→ 4.57% USDC reward APY (ends July 30)
→ 5x YO Points boost
Total APY = 13% 🔥🔥
Euler’s Frontier yoUSD market is getting the same treatment!
USDC lenders to this market now earn:
→ 5.82% lending APY
→ 3.59% rEUL reward APY
→ 6.94 USDC reward APY
→ 5x YO Points boost
Total APY = 16.35% 🔥🔥
More liquidity = more loops = more yield = more YO points, ad infinitum.
A rising tide lifts all boats. The water is WETH/USDC liquidity, and the boat is YO.
The Captain is you.
Yield szn.
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