mStable

mStable efficiently stacks yield with Pendle

[mStable @mstable_]

@xianguzyeah mStable is part of the @chamberfi (dHEDGE) ecosystem

[mStable @mstable_]

Quick Stacked Yield update.

After recently adding apxUSD PT exposure through Pendle, the vault has now exited the position out of caution.

This followed concerns around STRC and early signs of peg stress.

Stacked Yield is designed to adapt as conditions change, not stay in a position when the risk profile shifts

[mStable @mstable_]

@joejoedefi @infiniFi The mStable side is already live. apxUSD PT is in the Stacked Yield vault, locking 12%+ through Nov 4

https://t.co/y7SYHTy5Ac

[mStable @mstable_]

https://t.co/y7SYHTy5Ac

[mStable @mstable_]

mStable Stacked Yield finds the best stablecoin yield onchain and compounds it

Currently 8.71%

[mStable @mstable_]

5/ This is what Stacked Yield is built for:

One vault
One token
More yield sources under the hood

Apyx adds a dividend-backed source beside Ethena's Liquid Leverage, while the product stays simple

[mStable @mstable_]

1/ mStable Stacked Yield is adding @apyx_fi to its yield mix

One token for stablecoin yield, with the vault managing the strategy under the hood

[mStable @mstable_]

4/ Apyx brings yield from preferred-share assets onchain, including @Strategy's STRC and Strive's SATA

A different return driver from perp funding, lending rates, or staking rewards

[mStable @mstable_]

https://t.co/hQIElCaWK9

[mStable @mstable_]

The mStable Stacked Yield vault is plugging into this.

@apyx_fi apxUSD PT going in this week

[Pendle @pendle_fi]

$STRC digital coins now total $468M on Pendle.

Pendle now holds more over 2.45M of STRC through our 13 markets, including pools by @apyx_fi, @saturn_credit, @xStocksFi and more.

[mStable @mstable_]

@apyx_fi @pendle_fi apxUSD PT going into the mStable Stacked Yield vault soon. Locks in 12%+ through Nov 4

[mStable @mstable_]

@StableTableDeFi @aave @merkl_xyz Hopefully soon :)

[mStable @mstable_]

mStable vault is leveraging back up

For now: USDe looped through @aave with @merkl_xyz rewards on top

Adding a PT position in the next few days for another 12%+ on a different yield engine

[mStable @mstable_]

2.4M+ STRC on Pendle.

The mStable vault is not stopping at one market.

STRC support is coming soon

[Pendle @pendle_fi]

Pendle now holds 2,453,331 $STRC non-custodially through our $STRC yield coin markets, forming the primary venue for yield discovery and liquidity in onchain digital credit.

[mStable @mstable_]

@Jdieioe Stay tuned

[mStable @mstable_]

Gold funding stays high when crypto funding drops. XAUT paid 12% when BTC was at 1%

Ethena is adding it to USDe backing. This means USDe yield holds up better in crypto downturns

Good for mStable depositors too

[Ethena @ethena]

Following the recent post outlining the backing diversification of USDe, we have published an analysis of the basis trade on gold perpetuals

Tokenized gold and commodity perpetuals are two of the fastest growing markets in the industry today

Gold funding rates offer an uncorrelated source of return and tend to hold or rise when crypto funding compresses

This post explores how commodity basis trades can complement Ethena's overall basis strategy, with research from Ethena Risk Committee members

Read more below:

[mStable @mstable_]

@chamberfi The vaults do the heavy lifting. We just bring the yield on top

[mStable @mstable_]

@Jdieioe The vault is still earning yield currently via USDe on aave. We are also in the process of evaluating other yield sources so expect this yield to improve over the coming weeks.