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About APY

APY.Finance smart contracts continuously route your funds to a portfolio of the latest-and-greatest yield farming strategies.

APY.Finance (APY) is a cryptocurrency launched in 2020. APY has a current supply of 100.00M with 66.47M in circulation. The last known price of APY is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://apy.finance/.

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APY Price Statistics
APY’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#8315
APY Market Cap
Market Cap
$0
Fully Diluted Market Cap
$214,102.25
APY Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
APY Supply
Circulating Supply
66.47M
Total Supply
100.00M
Max Supply
0
Updated Jun 04, 2024 9:21 am
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APY
APY.Finance
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Ethena's High-Yield Strategies and Upcoming End of Point Activities
Ethena's High-Yield Strategies and Upcoming End of Point Activities
According to PANews, Ethena's blog has hinted at the upcoming end of its point activities, with the current implied APY on Pendle for USDe reaching a staggering 170%. This article aims to help readers understand how to properly participate in Ethena's point activities before they end. Ethena offers two token products: sUSDe, which enjoys native interest with its exchange rate growing over time, and USDe, which is interest-free and used for liquidity in DeFi combinations. The underlying assets of USDe provide higher returns for sUSDe, and points are mainly given for this purpose. Users can only exchange USDe with USDC/USDT through DEX, so there is a small loss when entering and exiting. Ethena Labs offers various types of point mining with different multipliers. The following are recommended strategies for different yield and liquidity needs: 1. Zircuit+USDe - This option offers the highest returns without an unlocking period and has a quota. By depositing USDe into ZircuitL2, users can get 7 times the points and Zircuit points, which can be unlocked instantly. 2. Locking USDe - This option has the largest quota, with moderate returns and liquidity. Users can directly lock USDe to get 10 times the points, with a 7-day unlocking period and a large remaining quota. 3. Locking Curve USDe LP - This option offers high returns but has the worst liquidity and a small quota. Locking the LP displayed on the Ethena liquidity page can yield 15 times the points, but it requires a 21-day unlocking period with no returns during that time. As the point activities are about to end, the opportunity cost is high, and the current quota is almost full. 4. Holding sUSDe - This option offers high native returns in U denomination but has low point returns. Users can get up to 67% native returns, but unlocking takes 7 days, and liquidity is average. Users can also sell at a discount through DEX. 5. Pendle/Gearbox USDe - These options theoretically offer high returns but have no quota. Pendle allows users to leverage YT for 200 times the points, but the quota is full. Gearbox allows users to cycle borrow USDe for up to 90 times the points, but the quota is scarce and borrowing costs must be considered. Both options have a significant probability of losing money and are only recommended for professionals who understand the mechanisms. Other strategies offer either higher liquidity without higher returns or higher returns without better liquidity compared to the above options. Users can adapt the above strategies according to their liquidity needs.
Mar 13, 2024 6:37 pm
USDe Stablecoin Market Cap Surges 400% in a Month, Reaching $840 Million
USDe Stablecoin Market Cap Surges 400% in a Month, Reaching $840 Million
According to CryptoPotato, Ethena Labs' stablecoin initiative USDe has experienced significant adoption, with its market cap increasing by over 40% in the last week and by 400% in the last month, reaching $840 million. Despite concerns raised within the community following the Terra ecosystem's downfall, Arthur Hayes remains optimistic about Ethena's potential to deliver a synthetic USD based on a public blockchain. Ethena Labs introduced its USDe synthetic dollar on the public mainnet on February 19, sparking apprehension among investors due to the Ethereum-based synthetic dollar offering a 27.6% annual percentage yield (APY), surpassing the 20% yield provided by Anchor Protocol on Terra's UST prior to the collapse of the algorithmic stablecoin issuer in May 2022. Hayes clarified that the method by which USDe generates yield differs entirely from that of UST, with Ethena utilizing two assets to generate yield: ETH staking yield and positive perp swap funding. Hayes highlighted that Ethena carries exchange counterparty risk as it is not decentralized and does not aspire to be so. Instead, it maintains short perp swap positions on centralized derivative exchanges. To address this risk, Ethena employs third-party custodians, similar to how Tether's counterparty risk lies with TradFi banks. While Tether faces counterparty risk with TradFi banks, Ethena's risk lies with derivative CEXs and crypto custodians. However, these CEXs are investors in Ethena and have a vested interest in maintaining security and ensuring proper payouts on derivatives. They are highly profitable entities within the crypto industry and are motivated to sustain this profitability. As Ethena expands, the open interest in derivatives grows, increasing fee income for CEXs, thereby aligning incentives for mutual success. On the other hand, Tether's product plays a role in facilitating the functioning of crypto capital markets, which inherently seeks to disintermediate TradFi banks. However, traditional banks are not supportive of crypto and view Tether as a threat to their existence, Hayes said. Consequently, their incentives are not aligned with Tether's success, and neither are those of regulators aligned with the success of Tether.
Mar 11, 2024 12:48 am

Frequently Asked Questions

  • What is the all-time high price of APY.Finance (APY)?

    The all-time high of APY was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of APY.Finance (APY) is 0. The current price of APY is down 0% from its all-time high.

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  • How much APY.Finance (APY) is there in circulation?

    As of , there is currently 66.47M APY in circulation. APY has a maximum supply of 0.

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  • What is the market cap of APY.Finance (APY)?

    The current market cap of APY is 0. It is calculated by multiplying the current supply of APY by its real-time market price of 0.

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  • What is the all-time low price of APY.Finance (APY)?

    The all-time low of APY was 0 , from which the coin is now up 0%. The all-time low price of APY.Finance (APY) is 0. The current price of APY is up 0% from its all-time low.

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  • Is APY.Finance (APY) a good investment?

    APY.Finance (APY) has a market capitalization of $0 and is ranked #8315 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze APY.Finance (APY) price trends and patterns to find the best time to purchase APY.

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