I will show you how to get 62% APY Stablecoins USH-USDC Liquidity Pool on orca.so on Solana Blockchain. Go to Pools in Hedge.so. There is ORCA provider gives USH/USDC pair at 62% APY. USH is a Hedge dollar pegged Stablecoin. Hedge is a yield aggregator of pools and token pairs.
To use Orca, you need a Solana wallet such as Phantom, Solflare, Math Wallet, Coin98, SafePal, BitKeep, or Slope. Orca is a decentralized protocol that facilitates trades on Solana, as Orca is non-custodial when you trade tokens the protocol will interact directly with your wallet.
Get SOL from Robinhood
You can purchase SOL tokens direct directly thru a centralized exchange like FTX with some fees. Or You can Purchase SOL from Robinhood without fees. There is a small spread in Robinhood. If you do not have a Robinhood account, I will provide a link to buy Solana directly from Robinhood. In my example I set a limit order for buy $1.30 worth of Sol tokens under to buy section and select limit orders. After you purchase, you click on send to send it to your Phantom wallet address. Past your Phatom Wallet address. More on Phantom wallet next.
Buying Solana and Withdrawing to Phantom Wallet
Secondly, I will show you how to buy Solana tokens and Withdrawing to Phantom Wallet. Phatom wallet is the chrome extension that is very well designed for Solana block chain. It is very similar in operation to Metamask for Etherium Virtual Machine (EVM) supported chains including Ethereum.
You can buy Bitcoin without fees from Strike App. I will provide link below. Send it to Coinex centralized exchange without any fees because it uses Bitcoin Lightning Network. Use Coinex exchange to convert Bitcoin into Sol using Sol/BTC pair. They withdraw directly to your Phatom Browser Extention wallet for solana. The withdrawal from Coinex was very fast as soon as I confirm the withdrawal with the confirmation email. Coinex withdrawal fee for Sol is 0.00002 Sol or less than a penny.
How to Borrow cUSDC from USDC on Solend at 4.5% APR with x21 leverage
Next, I will show you how to Borrow a stable coin cUSDC from USDC on Solend.fi platform in Solana at 4.5% APR with x21 leverage. You want to deposit USDC is deposited into Solend (https://solend.fi/ctokens) which will thus be earning a supply yield with cUSDC tokens given out as receipt. These cUSDC tokens are able to be deposited into Hedge to mint USH.
Users can swap USH against USDC to redeposit this USDC to get more cUSDC
By depositing the cUSDC tokens into Hedge again they are able to mint more USH and gain even more exposure to cUSDC yield.
The current cUSDC vault parameters are:
Min collateral ratio: 105%
Init fee: 0.25%
Ongoing interest: 0.5%
Not redeemable
No recovery mode
Firstly due to the min collateral ratio being 105%, the max cUSDC leverage is 21x.
Swap SOL into USDC and USH with Raydium Dex
If you have SOL tokens, you can swap them for USDC on biggest Solana DEX like Atrix or Raydium. I show you how to use Raydium to Swap SOL into USDC. Connect to Raydium.io and swap half of your cUSDC you got from Solend.fi not USH. Keep the other half in USDC where you will be depositing into Orca USH / USDC pool next.
Deposit USDC into Hedge.so for 62% APY
Go to Pools in Hedge.so. There is ORCA provider gives USH/USDC pair at 62% APY. USH is a Hedge dollar pegged Stablecoin. Hedge is a yield aggregator of pools and token pairs. Deposit USDC and USH equal amount. Hedge.so provide concentrated liquidity like Uniswap V3. More concentrated or narrow range you provide more APY you going to get. Adjust the range narrow to increase your APR into 60%. Hit maximum or enter token amount you want to provide with each tokens, and submit with paying Solana gas. After that you will be getting 60% APY. This will be going down as more people join in the fun.
Risk vs Rewards
Hedges.so USH / USDC pool APY will go down with more TVL in the pool. There is less impermance loss with very high concentrated liquidity. You could also go out of range very easily with very high concentration of liquidity. This is great way to Invest in Stablecoin and get 60% APY during market downturns. There is very little risk of USH depeging but it is not zero. As always there is smartcontract risk associated with ORCO exchange as well as aggregator Hedge.so. In there rewards side, I like the ability of leveraging x20 and ability to earn 4.5% APY on USDC on top of 62% APY on ORCA pool for two sable coins. You need to watch for hitting liquidation on Solend over time when your collateral ratio drop below 105% investment due to 0.5% APY on going investment interest you will be accumulating for borrowed assets.
https://www.hedge.so/pools
https://invite.strike.me/R2IGWH Buy BTC No fees & No Withdrawal Fee
https://join.robinhood.com/chandrg151 Buy BTC, ETH, BCH, LTC, DOGE No fee & No Withdrawal Fee
https://www.coinex.com/register?refer_code=bagrf Very little fee to Buy BTC many others & withdraw
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