Earn 30% With Curve Finance by DefiDad

While the crypto markets are down 50-90% across tokens, we can all agree this is either an opportunity to “buy the dip” or we’re simply stalling before more bearish times hit. Regardless of that choppy price action, DeFi just keeps shipping new innovations and often these new products reflect new ways to help us capture yield in these markets. Even though I’d rather farm tokens and watch them go up in price, right now I’m simply debating whether to hold more stablecoins or deploy capital to buy volatile assets that act as a SoV long term like ETH or WBTC. 

For those of us who have longer term investing timeframes or look at this as an opportunity to buy the dip, DeFi has delivered yet again thanks to Curve recently launching an algorithm and new liquidity pool for exchanging volatile assets--the Tricrypto pool made up of ETH, WBTC and USDT.

How to Buy the Dip, Maintain Stablecoin Exposure, and Farm Yield 

The opportunity in today’s tutorial takes advantage of 3 core DeFi legos:

• Curve: an automated market-maker (AMM) where one can provide liquidity and earn trading fees + CRV governance tokens
• Convex Finance: A protocol dedicated to optimizing staking Curve LPs to earn maximum CRV tokens
• Harvest Finance: An application providing vaults for automating taking profits and earning yield 

With the new Curve Tricrypto LP, one can gain almost exactly 33% ETH / 33% WBTC / 33% USDT exposure while earning a combined 30.16% APY thanks to 3 forms of yield:

1. Trading fees in