I've currently got most of my stables staked on two Polygon Platforms - Adamant Finance and Polycat Finance, both yield aggregators.
I'm in the UST-DAI pool on Adamant for a current 30% return which is FANTASTIC on a pure stable-pool and a much lower return on Polycat as I've opted for the 'safe' single USDC pool on Aave which autocompounds - so it's EASY!
However I'm going to move my Adamant funds out because although the returns are good I've had enough of the 3 month addy lock. I'd rather just farm and sell every week or autocompound.
Rather than just put this money into the rather low return Aave vault I thought I'd dig around and see what my options are for staking on Polygon.
I'm interested in the following:
- Any pure stable vaults or pools involving USDC/ DAI (UST I've decided to put on the Terra network for a straight 20% return, but more of that later).
- Matic with a stable pool. I'm prepared to put 25% of my stables in these mixed-pools. I've also got some Matic kicking around doing nothing ATM!
I used DefiLama to explore some of the DEFI apps on Polygon, as it ranks platforms by TVL, and I've focussed below mainly on the more established ones I'm familiar with.
I also used 'Awesome Polygon' to randomly pick a few other platforms I've never heard of!
What can you Earn on Polygon Stable and Stable-Matic pools...?
I had to check out just pure Aave as it's the largest my TVL, but this only gives me the option of a 6% return on USDC, although I currently get a better return via Polycat finance yield aggregator, which is OK for a very sensible safe sit.
AutoFarm which is very well established on both BSC and on Polygon gives me a range of single pools and stable pools at around the 10% return mark, but also a matic-usdc pool option at nearly 40%.
QuickSwap stable pools offer me a similar return to the above, and a 50% return on Matic-USDC:
And an impressive return on BNB-USDC, THAT is appealing but part of the reason I'm exploring Polygon is to diversify out of BNB, and besides I will probably be putting quite a lot of SPS-BNB into that pool over on BSC, otherwise I'd consider this:
DinoSwap is something I've heard mentioned in the LEO Discord, not too much on offer in the way of stable pools except a 20% return on USDC-UST which is OK, and I find this > 200 % return on Dino-USDC appealing, but I'd need to research the token release schedule more before piling into it...
I did check out a few other options, such as Moon Finance (how could I resist with that name?!?) but there was nothing too appealing there, or any of the other lower TVL options I explored.
Besides, I'm done with fishing around for the next 'declining value defi coin' I'd rather be in pools on well established platforms with more stable defi coins to farm.
Final thoughts....
So far, Quick Swap is going to get my money, it's well-established and offers a decent range of safe returns, although I'll probably see if I can get a boost from a Yield Aggregator too.