Stake DAO adds new high-yield USD offering with the launch of the Passive Angle USD Strategy

Today, Stake DAO broadens its range of innovative USD strategies with the launch of the Passive Angle USD Strategy, a high-yield strategy built on Angle’s decentralized stablecoin protocol! Angle is a marketplace for users seeking both volatility and stability, with a number of different products available accordingly.

How does the strategy work?

By supplying stablecoins to the Passive Angle USD Strategy, users can enjoy some of the highest yields on USD in the entire market.

To participate, users deposit USDC in the Passive Angle USD Strategy, which the strategy then deposits in the sanUSDC_EUR pool on Angle Protocol. The LP tokens obtained from this process are then staked in the ANGLE yield pool.

SanTokens, including sanUSDC_EUR, are yield-bearing tokens that automatically accumulate interest from transaction fees paid on the Angle Protocol platform.

Performance fee: 15%

Withdrawal fee: 0%

What are the risks of using the strategy?

Like all Stake DAO products, the Passive Angle USD Strategy has been thoroughly tested, however, it carries risks.

The main risk of the Passive Angle USD Strategyis that the underlying Angle Protocol becomes under-collateralized, and there is a loss of convertibility between collateral and stablecoins. While Angle has incorporated risk management into their design with a number of emergency modules, please bear in mind the strategy may incur losses.

Finally, Stake DAO strategies, including Passive Angle USD Strategy, carry smart contract risks.

Remember the number-one rule in DeFi: Do not invest what you can’t afford to lose.

Find us

Twitter: https://twitter.com/StakedaoHQ 🕊️

Discord: https://discord.com/invite/stakedaohq 👾

Website: https://stakedao.org 🌐

--

--

--

https://stakedao.org

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Cryptocurrencies: The mainstream payment system of the future

Deepdive into my DYR research for Hive Investments

Footprint: Can Liquity’s mechanism really catch up from behind?

TangoChain Unveils The World’s First 100% Gaming Blockchain Platform

Standing At The Gates of Olympus

Demystifying Cryptocurrency

PolkaCover partners with Unmarshal

BEST CRYPTOCURRENCY TRADING TIPS

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Stake DAO

Stake DAO

https://stakedao.org

More from Medium

Scarab Finance Integrates Chainlink Price Feeds to Help Secure Market Predictions Game

Partnership with Don-key Finance a commitment to strategic community expansion.

Don-Key Finance pilots with first covered yield farming strategy

ve(3,3)-season has kicked off, resulting in incredible yields in DeFi!