on Kava Lend. What's the catch? Are there any lockups? The APY is higher than the industry standard
The rewards are paid in Kava tokens with a 12 month vesting period It's relatively early so as more USDt gets supplied the yield will fall. It's also not clear how long the high yield will last for, it's likely to be a short/medium term promotion to attract new users and encourage the adoption of native USDt on KavaChain
Thanks. That makes sense. Is the vesting period linear or is it a 12 month vesting cliff?
If you were to supply 10,000 USDt today, you might have earned 60 Kava in around 1 week. If you then claim those 60 Kava, they will sit in your wallet and unlock on 1st August 2024 (Please note you can stake those 60 Kava to earn 15.5% APR in liquid staking rewards) If over the following 2 weeks you earned 120 Kava and claimed them before the 15th Aug they would unlock on 15th Aug 2024 So over time you would have a series of unlock dates (twice per month - 1st and 15th of each month)
Thanks a lot. That makes it a lot more clearer. The vesting info should be mentioned on the website imo. I'll consider it. What about the Curve pool?
Rewards are Curve are not vesting. Other options include Mare and Equilibre. Scrub money is also popular as they use Mare and Equilibre to loop and autocompound rewards
I thought Scrub was just about NFTs, do they have something else?
No they do more. We have several of the team regularly in the chat so I'm sure they'll be more than happy to answer and questions. https://invest.scrub.money/
This is their telegram group https://t.me/ScrubMoney
I see now. I found it a couple of days ago, so I haven't done a proper research. Anyway, if you can get autocompound rewards by investing, that sounds pretty good.
Thanks, I'll join.
I've supplied some Atom with them, which gets supplied to Mare and looped to maximize rewards which are autoclaimed and swap back to ATOM and added to your supply balance
Autoclaimed and swapped back to your supply? Cool. Do you know if there are extra benefits for investing with one of their tokens? If there aren't any, maybe I can supply some $ATOM too.
Best speak with the Scrub money guys, they know a lot more. I only tried them myself a couple of days ago
Alright, thanks for the info Darren. I'll do a research later to see what else I can find out 👍.
If you have any questions go ahead and hit us up on our channel. 👍
Thanks, I already joined.
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