index 501 Posted Desember 10, 2022 Stable farming on Arbi Have stables sitting around on Arbitrum? You can check Sperax, an auto-yield stablecoin (USDs) native to Arbitrum. Users can mint USDs 1:1 with USDC, DAI, or FRAX as collateral. USDs holders will earn ~11% APY on their USDs without any action required by the user - USDs balances will simply increase automatically roughly every 7 days. Do check out their documentation for more info on how its auto-yield mechanism works. There are also other farming opportunities available which you can check out here. Cross-chain trading! There's another cross-chain trading platform in town! Hashflow has teamed up with crypto bridge Wormhole Protocol, to enable cross-chain swaps. According to Hashflow, all trades are MEV-protected, and come with zero slippage. This means that users will get exactly what they swapped for. Currently, the feature is only available for stablecoins on a variety of chains. For more info on Hashflow's latest partnership, check it out here. An inflation-resistant store of value? The brains behind Ampleforth (AMPL) are preparing to launch a new product in the form of SPOT. SPOT is set to be an inflation-resistant store of value. Consisting of a basket of assets on-chain, it will be redeemable by SPOT token holders at anytime. Meanwhile, the price of SPOT can float, meaning its value can increase or decrease. The aim is to fill the gap between speculative cryptocurrencies and dollar substitutes. Quote Share this post Link to post Share on other sites
