There's no better time than a day of red to put idle capital to work and earn some yield!
If you have stables sitting in your wallets, or in sub-optimal yield strategies - I'm going to tell you about the best way to earn yield AND rewards this Summer with @summerfinance_ 👇
SummerFi (aptly named) is a defi yield optimization protocol that takes all the work out of positioning for the best yield. You simply deposit your tokens into a strategy of your choice and let the protocol do the work for you rebalancing for the best returns. 👇
Lets take a look at the USDC "Lower risk" pool on Ethereum. The pool has a 30D avg APY of 6.81% (not including rewards, more on that later).
There are very few vaults with >$10M TVL that are earning better yield than this!
So how is SummerFi doing this? Let's take a look 👇
The automation for the lazy vault is constantly rebalancing across many of the best Yield opportunities including protocols like Euler, Morpho, Syrup and more. You can track the allocations and rebalancing right on the SummerFi dashboard 👇
Remember those rewards I mentioned earlier? That's right, you aren't just getting Yield from depositing, but will also earn $SUMR, the official token of SummerFi. No points farming nonsense here, you actually directly earn (and can claim) the token for your participation! 👇
Right now those tokens aren't transferrable, but in just under two weeks, the governance ($SUMR holders) can vote to make the token transferrable (and therefore tradable). This means you have 2 weeks to farm some rewards before trading can open up. 👇
If you want to get started you can use my referral here to make your first deposits!
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