Take Advantage of Unique USDB Opportunities to Maximize Your Profits
Greetings FHMily!
Making passive income on top of passive income with your USDB stablecoins is exciting, don’t you think?
In addition, how about making profits while supporting the USDB stablecoin to maintain its peg?
If you are intrigued, then this article is for you. And you’d want to read through the whole thing — trust us.
Today, we share a step-by-step guide on how investors can earn yields on top of yields, exponentially increasing their rewards with Reaper Farm, Beefy Finance, and Beluga.
We would also like to walk you through how USDB and FHM investors profit from USDB arbitrage opportunities.
Earn Higher APY with DAI-USDB LP
In order to earn higher yields on DAI-USDB LP, we first need to mint the LP in Beethoven-X. If you already have done that following our medium article, skip over to Step 2.
Step 1 — Preparation:
Navigate to the Beethoven-X A Dai-Abolical Balance Pool page.
Connect your MetaMask wallet.
Deposit your USDB stablecoins to the pool to receive the BPT_USDB-DAI LP tokens.
In the following screen, provide the number of USDB stablecoins.
Click Preview to preview your investment.
Finally, click Approve USDB for Investing.
Step 2 — Maximize Profits:
Once you have the LP tokens, you can either stake them or auto-invest them to earn more profits!
There are many options, and depending upon your preference and need for high APYs ;-), you may choose to do any of the following-
- Stake the LP pair in Beethoven-X. There is already a comprehensive article published.
- Invest in Beefy.Finance A Dai-Abolical Balance Vault
- Invest in Reaper.Farm A Dai-Abolical Balance Beethoven-X Crypt
- Invest in Beluga.fi A Dai-Abolical Balance Pool
Option 1 — Beefy Finance
Go to Beefy Finance’s A Dai-Abolical Balance Value page.
https://app.beefy.com/#/fantom/vault/beets-daiabolical-balance
Connect your wallet and ensure you have the DAI-USDB LP tokens.
Click the Deposit tab. Provide the number of LP tokens you would like to invest and click Deposit. You will be asked to confirm the transaction in your wallet.
Once done, you will see the popup screen on the Beefy app like the screenshot below.
You can check the deposited amount of the LP tokens on the same page and even withdraw at a later stage.
Option 2 — Reaper Farm
Reaper.farm is an auto-compounding yield farm that maximizes investors’ earnings.
Search for A Dai-Abolical Balance Beethoven-X Crypt in Reaper.farm by going to their app https://www.reaper.farm/ and in the Tokens field, provide USDB as shown below. You should then see the Crypt.
Connect your wallet and ensure you have the DAI-USDB LP tokens. Click on Approve LP button after providing the number of LP tokens you want to invest. Confirm the transaction on your wallet.
Finally, click on the Deposit button to deposit the LP.
After the deposit is complete, your investments are ready for some handsome rewards.
Click the More Info button to learn about your earnings over time.
Option 3 — Beluga Finance
Go to Beluga Finance’s DAI-Abolical Balance pool page
Scroll down a bit and Approve your transaction.
After the approval, deposit your LP tokens and click Deposit. You can now harvest your gains and enjoy the goodness of compounding.
That’s it!
Now let us look at about USDB offers arbitrage opportunities for investors.
Use USDB Price to Your Advantage
If the price of $USDB is above its peg value, i.e. $1, investors can mint USDB from their DAI tokens. This way, you will get the most USDB stablecoins for every DAI while maintaining the peg.
We have released a step-by-step guide on how to USDB with DAI directly from our website. So check it out!
If, however, the price of USDB is below its peg value, i.e. below $1, it makes more sense to just swap your DAI (or any other token) to USDB to get the most amount of the stablecoin. Investors can do this in Beethoven-X itself.
So head over to the Beethoven-X trade page and enter the amount of DAI you would like to swap for USDB. The app will show you how much USDB token you will receive. In the screenshot below, with USDB below its peg, we are able to fetch more USDBs from DAI.
About FHM, $USDB, and Balance
The Balance Organization is formed to administrate business development in service to the greater vision of the interplay between FHM and USDB. As such, profits from all ventures engaging $USDB as a commercial exchange of value will be used to buy back and burn FHM in order to increase our deflationary velocity at a rate tied to our business success in product developments.
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