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Curve Finance, which offers deep liquidity pools for trading pegged assets like sBTC and WBTC as well as stablecoins, just released its new governance token CRV. In light of this, DeFi Dad shows how he became a Curve LP earning the new CRV token, including how he considers lending idle assets with DeFi Score, how that leads him to a yield bouncer like yearn.finance, and why he eventually chose to deposit stablecoins in the Curve Y Pool (https://www.curve.fi/iearn/deposit).
DeFi Dad walks us through the following:
1️⃣ How to compare DeFi lending rates and why Curve Y made sense
2️⃣ How to deposit into the Curve Y Pool and become an LP
3️⃣ How to stake a Curve LP token and earn CRV
4️⃣ Recap of risks
Helpful DeFi tutorials to learn more about topics referenced by DeFi Dad:
🌽 What is Yield Farming: https://youtu.be/boKYRAxREJY
📈 How to Maximize DeFi Lending Interest with a Yield Bouncer: https://youtu.be/QTLM4oE2Hfs
⚡ How to Zap into DeFi Investments with Zapper.fi: https://youtu.be/VtXB-NJMjMc
Helpful resources referenced in the video:
🛠️ Compare DeFi Scores at: https://app.defiscore.io/assets/dai
🛠️ Try Zapper.fi for tracking your DeFi portfolio and using DeFi Zaps: https://zapper.fi/invest
🛠️ Try Curve Finance at: https://www.curve.fi/
🛠️ Try the Curve Y Pool at: https://www.curve.fi/iearn/deposit
🛠️ Try the Curve DAO where one stakes LP tokens: https://dao.curve.fi/
🛠️ Check out yearn.finance yield bouncer at: https://yearn.finance/earn
🛠️ Find recommended gas prices at: https://ethgasstation.info/
For more Bankless video tutorials, check out: https://www.youtube.com/playlist?list=PLmkdAgtxf3aiduauYPPqUWqpMmAXm2vt5
Video by: @DeFi_Dad
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For more DeFi Tutorials with DeFi Dad, subscribe to his YouTube channel by going to http://defidad.com/.
Disclosure, Disclaimer, & Risks: Curve and Zapper.fi did not pay DeFi Dad to produce this video. This is not financial advice and you should approach all DeFi applications, wallets, and protocols with caution. Please be aware there is always risk in using DeFi, including technical risks (ie smart contracts hacks), financial risks (ie liquidity crises), potentially admin risk (admin key compromise, governance vulnerabilities) and the risk of a pegged asset like a stablecoin failing. It is also risky to use leverage because you can amplify your losses with larger positions.
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