RateX added both hyUSD and sHYUSD

  • hyUSD = SOL LSTโ€“backed stablecoin pegged 1:1 to the dollar

  • sHYUSD = yield-bearing upgrade, capturing LST yield

Why does hyUSD have a higher multiplier? Because the sHYUSD already gets an APY of 20%

Why do you need to do this if you farm Hylo?

Because everyone else will do and push you back in the leaderboard. And why are they doing it?

Because you can get additional yield while farming more points. So it's a no brainer

APY on @RateX_Dex is 20%, + multiplier for both Hylo and Ratex Airdrop

RateX offers always 3 strategies:

  • YT-XXX-2510

    Hardcore maximize Points by leverage (YT will reach zero at maturity)

  • XXX-2510

    Liquidity providing (2x Airdrops and yield)

  • PT-XXX-2510

    Give up all points but enjoy fixed APY

A) Strategy: Farming on Steroids

You either buy YT-sHYUSD-2510 or YT-hyUSD-2510

I expect YT-hyUSD-2510 to have higher leverage due to the 8x multiplier

With this strategy, you will jump up the leaderboard in no time. But remember that this market will go to zero at maturity

B) Yield and Points in Balance

To maintain your position on the leaderboard without taking too much risk, choose hyUSD-2510 or sHYUSD-2510

If the yields are similar, opt for hyUSD-2510, which already offers a 5x multiplier on Hylo and an 8x multiplier on RateX

C) Yield Maxi

If you're just looking to maximize yield and are willing to forgo Hylo points, PT-hyUSD-2510 or PT-sHYUSD-2510 are your friends

This strategy is only worth it if they APY is higher than from the LP token above or if @LoopscaleLabs plans to add it to their platform soon (similar to PST)

If you still don't know what to do, go for strategy B) - You won't regret it!

Make sure to deposit all your hyUSD and sHYUSD

Wallets might not always display these tokens, but once you deposit them on RateX, you can see your total holdings

This is a no-brainer and even a must-do if you want to stay competitive in Hylo

To ensure that you can safely and quickly enjoy Solana DeFi, use Solflare Wallet!

Download now โ†’ https://www.solflare.com/ (Available on Android, IOS, Browser extensions)

Hold strong with the most powerful wallet on Solana

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