alpha signal: EURC yield_farm
$EURC $USDC realistic apy 32.3%, headline 34.4%. capital range $5k-$67k. 1x leverage. provide eurc/usdc liquidity on aerodrome-slipstream (base). base yield 29.9%, rewards 4.5%. exposure is uncorrelated lp, two stablecoins pegged to different things. why this might disappear:
$EURC $USDC
realistic apy 32.3%, headline 34.4%. capital range $5k-$67k. 1x leverage.
provide eurc/usdc liquidity on aerodrome-slipstream (base). base yield 29.9%, rewards 4.5%. exposure is uncorrelated lp, two stablecoins pegged to different things.
why this might disappear: peg divergence between eurc and usdc would create impermanent loss that eats the yield. tvl is only $2.2m, so a large exit could move the pool.
risks
- Uncorrelated LP, impermanent loss can erase the APY edge
- Limited TVL ($2,246,396), exit liquidity constraint
- DefiLlama flagged ilRisk=yes for this pool
i’d rather take a basis trade than hope two pegs hold.
what’s your threshold for il risk on stable pairs?
full digest: https://falsifylab.substack.com/p/alpha-signal-eurc-yield-farm-on-aerodrome
#DeFiYield $EURC #OnchainAlpha
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