Today, we will compare DeFi's representative curve and which place will be more advantageous when staking WBTC on yearn.
For reference, if you stake an asset on the curve, cvr + commission income is distributed as reward,
and if you stake in the yearn, the profit of the invested asset is summed and returned to the investment asset (WBTC quantity increase)
So, if you staking on the curve, you will be exposed to the price fluctuations of the crv token, and
if you staking on the yearn, you can safely enjoy the increase in your assets.
The difference is that the curve can have a 2.5x reward boost through the crv lock, but individuals are unlikely to get this benefit.
A lot of crvs have to be tied up for 4 years.
Instead, by staking an asset in yearn, the yearn team can crv lock with their own funds to get a 2.12x reward boost.
As you can see, since we staked directly on the curve, WBTC does not currently receive the boost effect, so we are receiving 51.39% reward as crv tokens.
If you stake in yearn (to deposit WBTC in yearn, deposit in 6.sbtc and then stake in yearn), you will receive a 2.12 times boost (34.54% x 2.12) annually 73% of reward to WBTC instead of the default 34.54%.
This is the current WBTC daily rate for yearn.
If you do 0.1942% x 365, you can see that it comes out similar to the yield shown in the curve at about 71% per year.
So I think it's more advantageous to staking assets on yEarn rather than on curves.
conclusion
Staking WBTC on the curve: 53% annual reward crv tokens
WBTC staking on yearn: 71% annual reward WBTC
Staking Curve Stable (USDT): 1x boost reward crv token
yearn Stable (USDT) Staking: 2.12x Boost Reward Stable (USDT) Token
The curve can be realized as a profit only by claiming the crv received as a reward and converting it into cash. Like this bearish market, it is difficult for individuals to cope with it, and the profit can be cut in half. Conversely, when crv rises, there is an additional profit.
However, yearn automatically sells crv, reinvests, and gives assets with a 2.12x boost reward, and once invested, there is not much to worry about.
This article is based on my investment review and is personal opinion, so there may be errors.
It is not an investment recommendation, and you are responsible for the investment ^^
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