Great conversation with @philrosenn on how we’re building and investing through Robinhood Strategies.
We covered our framework, the secular shift in markets that defined our overall approach, and how we’re thinking about opportunity beyond the usual places.
Investing involves risk. Comments provided for informational purposes only and should not be considered investment advice or an indicator of future results. Portfolio management offered by Robinhood Asset Management, LLC (“Robinhood Strategies”), an SEC-registered investment advisor. Brokerage services offered through Robinhood Financial LLC, a registered broker-dealer (member SIPC).
1/ Announcing the launch of Mantle Scouts Program’s latest initiative: DaL (Double Adaptive Liquidity) 🌙
In collaboration with @hypurr_co, we're expanding the reach of our flagship yield asset, @mETHProtocol's $cmETH, across Mantle Network and HyperEVM 🧵
Some days ago I asked you guys about where you could get the best yield for stablecoins.
Some of my favorites:
-Euler, USDC 7,4%, $100m TVL
-Morpho USDC vaults - 5-7% APR
-fxSAVE USDC Delta Neutral vault - 12% APR
-Ethena's sUSDE: 8% APR
-AAVE 3-4% APR
-Hyperdrive 4-5% APR
-Frax, sfrxUSD 7% APR
-Upshift: 7-8% on USDC
-Fluid 5-7% on USDC/USDT
-Spark Sky USDS: 4,5% + Spark points
-Level USD: 10,7%
-Falcon sUSDf: 9% APR
-Huma Finance: 10% APR
-Moonwell USDC 11,5% APR
-Coinshift csUSDL vault: 11,6% APR
-Pendle 8-10% APR fixed yield
For simplicity I've excluded leverage products, Pendle-strategies, vaults on perp-dexes. With that said, these can net you a lot more than the rates you see here.
Among the ones on the list my favorites continue to be Ethena, Moonwell, Euler, but Pendle, Huma, and Coinshift are close behind. AAVE and SKY's 4% yield isn't attractive enough for me, even though they have superior products. I read AAVE were coming with some higher yield products (12% APR), so will be interesting to check these out.
Personally I am even more attracted to doing the basis trade instead of holding stables. At the moment, I am farming Fartcoin and Hype across Lighter, Hyperliquid and dYdX. The yield is variable, but 15-20% APR seems very likely throughout a full year (this might change if we're entering a bear market).
I mostly looked into yield on EVM protocols, so if there are some good opportunities missing on Solana or elsewhere, let me know.
Announcing Circle Payments Network!
A streamlined way for financial institutions to connect, orchestrating global money movement, powered by stablecoins like USDC and EURC for 24/7 real-time settlement.
Existing cross-border payments can be slow and expensive.
CPN is designed to bring efficiencies to the payments system.
With CPN, banks and payment providers can move money at internet-speed using fully reserved digital dollars and euros.
It is not just faster.
It is programmable, secure, and always available.
CPN will support:
✅ Invoice payments
✅ Remittances
✅ Treasury services
✅ Payroll & contractor payouts
Leading banks are contributing their deep expertise in global payments to design a network that meets the needs of banks worldwide.
The global network is already taking shape, with over 20 design partners, including @dLocalpayments, @WorldRemit, @BVNKFinance, @yellowcard_app, @coinsph and more.
We are not just building stablecoins.
We are building a modern infrastructure for global payments.
Learn more: https://t.co/pHXVbOyJHr