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Decentralised synthetic assets

Optimize your sUSD yield with Idle

Optimize your sUSD yield with Idle

sUSD is now available for deposit on Idle! Idle is a yield optimization tool that automatically rebalances funds to guarantee exposure to the highest yield available while taking risk into account.

Currently, Idle stores sUSD in Aave as it is the only place you can earn interest on sUSD. However, as more interest-bearing sUSD pools come online, the rates between pools will vary. Idle will automatically rebalance sUSD into the interest-bearing pool with the highest yield to maximize your returns.

To start earning optimized yield with your sUSD, follow one of the methods below.

Simple sUSD Yield Method

Steps to follow:

  1. Acquire sUSD
  2. Deposit sUSD on Idle

To get started, you’ll first need to acquire sUSD which can be done through a decentralized exchange such as Curve, Uniswap, Kyber, or 1inch.

Once acquired, deposit your sUSD on Idle to start earning optimized yield.

sUSD Yield Farming Method

Steps to follow:

  1. Acquire SNX
  2. Stake SNX and mint sUSD
  3. Deposit sUSD on Idle

In this method, you will first mint sUSD by staking SNX on Mintr and then deposit your newly minted sUSD on Idle. By doing this, you’ll earn staking rewards from Synthetix as well as optimized yield on your sUSD.

To get started, you’ll first need to acquire SNX which can be done through a decentralized exchange such as Uniswap, Kyber, BalancerLabs, and 1inch, or a centralized exchange such as Poloniex, Kucoin, and others.

Once acquired, stake your SNX on Mintr to start earning staking rewards. Staking is a complex process that requires active management. We recommend reading our article “What you need to know before staking SNX for the first time” prior to staking your SNX.

Coming Soon: Governance token yields

The Idle team is currently working on a solution that will enable users to deposit sUSD into protocols and earn popular governance tokens such as BAL and/or CRV alongside their holdings.

Risks

Earning yield through Idle does carry risks. There is the possibility that a pool Idle has exposed your funds to is manipulated or attacked which could cause financial loss. Ensure that you are comfortable with the associated risks of having your funds deposited in their supported lending pools.

To reduce the risk of financial loss, Idle offers a risk-adjusted allocation strategy that uses CodeFi’s DeFi Score tool to ensure that users’ funds are not deposited into a pool with a poor risk score. For more information on lending pool risk scores, check out an overview of the DeFi Score system and Idle’s Risk-Adjusted Allocation Strategy.

Get Started

Visit Synthetix to learn more about sUSD and staking.

Visit Idle to start earning optimized yield with your sUSD.

Visit the Synthetix Discord to join the community.