Looks like @ethena_labs is now on @avax.
I think there are three promising options, and there are a few others you might want to check out.
Micro-post 🧵👇
1) @LFJ_gg
I've praised LFJ numerous times. Why do I like them?
Their APR is very honest. They show the average APR, not the APR for all individual trades, which is a huge red flag in my opinion.
The UI is also very simple, and they were one of the first platforms to use a split-account system.
Average APR 17%
2) @FolksFinance
Folks is a cross-chain money market that's quite attractive.
➢ USDe 26%
➢ sSUDe 37%
All from $AVAX incentives, just for lending.
3) @SiloFinance
Offering a 35% APR on $AVAX on Silo, which is pretty good.
4) Others...
@PharaohExchange and @BlackholeDex also offer sUSDe and USDe liquidity.
Both claim to offer the best APR within a single tick, making it difficult to know how much a reasonable liquidity provider can actually earn.
However, I can say that sUSDe/USDT liquidity on Pharoah is currently extremely inefficient, so if you're within acceptable limits, the APR you're earning is quite good.
Euler is also on the rise, and more integrations will be coming soon.
In the meantime, happy mining everyone!
Note: Avax Ambassador