Earn Up to 82% APY on Spool with Stablecoins
Before we get started with earning high apy on Spool with stablecoins, this is not a recommendation or endorsement to buy any token(s) mentioned. DeFi Dad wanted to disclose his team at 4RC invested in the seed round for Spool.
What is 1-click DeFi?
The concept of 1-click DeFi started with vaults created by Yearn in 2020. In DeFi, we often require multiple transactions to execute even the simplest of strategies, but in order to truly democratize finance, DeFi developers have worked to further automate these strategies into vaults, which pool deposits and automate yield-earning strategies. One of the earliest and most popular Yearn vaults would simply deposit stablecoins into Curve liquidity pools, stake the LP, and then auto-harvest the CRV rewards, which were sold for more stablecoins and redeposited into the Curve pool.
What is Spool?
Years later, these 1-click DeFi vaults are still popular and have grown beyond the trailblazers of Yearn Finance. Spool is one of the newest permissionless middleware projects that allows for building customizable, scalable, and efficient DeFi products. Spool enables anyone to earn yield while gaining access to integrated DeFi protocols.
Similar to a vault, a spool is a smart contract that routes liquidity into an array of different yield generators in a risk-managed and yield-optimized manner. The difference between traditional vaults and Spool is that spools can be individually set up by users in a permissionless manner. A spool contains an assigned risk tolerance, a chosen risk model, and a subset of selected protocols. Spool helps route liquidity to major money legos such as:
- Yearn
- Harvest
Related Articles
How to Farm Ethena’s ENA on Mantle Rewards Station
Today, I’ll show how I can passively farm mShards to later swap for ENA rewards for 17 more days until the campaign ends on April 26th, 2024.
The Lido of Stacks: Liquid Stacking with stSTX by Stacking DAO
Today, I’ll show how I can stack some STX with stSTX by Stacking DAO!
LRT Looping Strategy: Instadapp’s New Fluid Vaults for Levering Up on EigenLayer’s Launch
Today, I’ll show how I can use Fluid to lever up on weETH exposure and hence increase my ether.fi and EigenLayer points earned while collecting 3.3% APR in eETH staking yield.
ZeroLend Multi-Airdrop Strategy for EigenLayer, zkSync, Blast, and Linea
Today, I’ll show how I can act quickly to capitalize on the ZERO airdrop in addition to airdrops tied to EigenLayer, zkSync, Blast, and/or Linea.
New Omnipool Strategies: How to Earn Maximum Passive LP Yields with Opal
Today, I’ll show I can begin earning the comparably higher yields (up to 33% APR) with Opal passive omnipool strategies.
Frax L2 Airdrop Strategy: How to Earn FXTL Points
Today, I’ll show I can stake FXS to qualify for the March 6th snapshot, or at minimum begin earning FXTL in future weekly epochs beginning March 13th.
Whales Market OTC DEX: Trade Airdrop Allocations, Points, and Tokens
Today, I’ll cover how I might opt to buy points on Whales Market for an unlaunched token such as ether.fi’s.
Ethena Airdrop Strategy: DeFi’s Next Big Stablecoin with Double-Digit Yield
This week, we cover the mainnet launch of Ethena–the new protocol powering a delta-neutral synthetic dollar USDe, backed by ETH staking yield and automated, programmatic delta-neutral hedges.
EigenLayer Airdrop Strategy V: Swell rswETH and Multi-LRT Liquidity Pools
Today, I’ll cover how I can deposit into any of these 3 LP strategies and which is my favorite.
Blueberry Airdrop Strategy: Lending to a New DeFi Prime Brokerage
Today, I’ll cover how I can participate in the Blueberry airdrop by lending any of the 11 supported assets.