Triple Stack Yield in SushiSwap by Defi Dad

The competition between Uniswap and SushiSwap continues to be a catalyst for two of the most talented teams in DeFi to compete to offer the most innovative AMM (automated market maker) in the world. SushiSwap boasts $500M in daily trading volume any given day, recently peaking above $860M a few days ago. It’s worth mentioning SushiSwap also recently launched on other blockchains including Polygon, BSC, Fantom, xDAI, Harmony, Avalanche, HECO, and OKex.

One of SushiSwap’s newest products is called BentoBox! BentoBox provides extra yield on deposits with flash lending, strategies, and fixed, low-gas transfers among integrated dapps, like their new Kashi markets, where you can deposit collateral and borrow liquidity without selling. Your borrow limit depends on the amount of deposited collateral and you can borrow up to 75% of your collateral and repay it at any time with accrued interest.

I recently saw a great tutorial on SushiSwap’s YouTube on “Triple-Stack Yields” for SushiSwap on Ethereum that seemed to fly under the radar with only about 500 views and thought this is a good opportunity to highlight.

Today, I’ll walk through how to earn “Triple-Stack Yields” that allow one to earn substantially larger rewards with stablecoins like USDT.

1. Deposit into BentoBox
2. Instead of waiting for BentoBox to deploy your tokens, one can choose a Kashi market pair earning higher APR
3. Lastly, deposit the liquidity token from Kashi in the Yield tab to earn even higher APR

The end result is lending stablecoins for 50-60% APR, based on estimated yields for USDT.

How to Earn Up to 50-60% APR with Triple-Stacked Yield in SushiSwap

Before we get started, please be aware of a