Earn 51% on BTC with Saber by DefiDad

Before we get started, a reminder that this is not a recommendation or endorsement to buy any tokens mentioned in this tutorial.

It seems history is poised to repeat itself as DeFi protocols are developing on other L1s, outside of Ethereum. While I spend most of my time on Ethereum-based DeFi, I’ve been exploring and farming now on Polygon, Terra, Avalanche, and Solana. Being one of the few non-EVM-compatible L1s, Solana has a notably fast-growing ecosystem of DeFi applications, boasting about $2.47B in TVL, the third most TVL among L1s, behind BSC at $19.36B and $114B on Ethereum.

One of the earliest and most important DeFi protocols to launch on Ethereum was Curve, a stablecoin and like-asset AMM, providing the deepest liquidity and least slippage for trading stablecoins, tokenized BTC, and derivatives of ETH. In fact, Curve now ranks #1 in terms of TVL on Ethereum-built DeFi at $11.6B.

This July, Saber launched as Solana’s first AMM, specifically optimized for trading pegged assets like Curve. It is now the second largest TVL on Solana at $633M, just behind the “Uniswap of Solana” called Raydium.

While Solana DeFi is still in its early stages of development, the same high risk, high rewards liquidity mining programs are rapidly growing on Solana, much like during the DeFi Summer on Ethereum in 2020.

How to Earn Up to 51% with Tokenized BTC on Saber AMM

In today’s opportunity, I’ll show how I can earn high yield as an LP on Saber, staking the LP to earn additional SBR rewards on top of the trading fees