Strategy optimization of the USDT pool in Flamincome

To ensure a stable launch of Flamincome, the current strategy of the USDT pool adopts StrategyDForceUSDT of Yearn Finance. This strategy currently provides a relatively low yield for investors, and the Flamincome team plans to activate a new strategy for USDT investors. A similar strategy is already implemented and in stable operation in the WBTC pool.

Details about the new USDT strategy

Name of Strategy: StrategyCurveYUSDT

Predicted APY: 15%* (after the new strategy goes in to stable operation)

The above strategy will be activated at least 24 hours later since the time of this announcement (this announcement was published 1st Oct 2020, UTC 0900), and USDT assets will be gradually migrated from the current strategy to the new strategy. There is no action needed from users. In the future, the activation of new strategies will be governed by Flamincome DAO once it goes live.

*Predicted base on the current APY of USDT in Y pool on curve.fi.