I've been tinkering with the DeFi protocol Synthetix on Base (the Ethereum layer-2 chain built by Coinbase) lately, and came across an interesting option for earning yield on USDC. It offers an APR (Annual Percentage Return) of around 60%, which definitely got my attention.

Now, before you get too excited, there are a few things to consider. High returns often come with higher risks, and this is no exception. It's important to understand the mechanics of Synthetix and this specific option before investing any money.

In my latest video, I break down what I found:

• How Synthetix works
• The specifics of this 60% APR option on USDC
• The potential risks involved (and there are some)

Even if you're not interested in this specific option, the video might be a good resource for anyone curious about Synthetix and its functionalities.

Let me know in the comments if you have any questions or have had any experiences with Synthetix!