With single-digit gas fees, on-chain activity has been quite low this week. However, this does not mean that there are no interesting opportunities to be found on-chain. With prices mostly going sideways, let’s take an on-chain look at opportunities for stables.
Tangible’s USDR on Aerodrome
As Base chain continues to climb the rank of chains by TVL, taking over Solana with over $350m TVL, let’s take a look at the top protocol, Aerodrome.
The Solidly fork boasts over $100m TVL and the largest pool with ~$27m is a stable pool for USDR-USDbC. It gives around 23% APR, which is very impressive for a stable pool in these market conditions. With USDC considered to be relatively secure, and...