Are you looking to maximize your earnings in the world of crypto? Look no further than Mare Finance, the leading lending and borrowing platform on the Kava EVM blockchain.
With Mare Finance, you can earn rewards by supplying and borrowing stablecoins such as USDC, USDT, and DAI. In this guide, we’ll walk you through the steps of using Mare Finance to unlock the full potential of yield farming with stablecoins.
Maximizing Your Borrowing Potential on Mare Finance
Borrowing on Mare Finance is easy and rewarding. The amount you can borrow is determined by the collateral you supply. With a collateral factor of 80%, you can borrow up to 80% of your supplied collateral. Simply check your borrowing limit on the platform and use the slider to select the amount you want to borrow.
But that’s not all – borrowing on Mare Finance also earns you $MARE rewards! These rewards are shared among suppliers and borrowers, with the amount you receive depending on how much you borrow compared to others. Keep in mind that interest increases the borrow amount, so be mindful of how close you are to your borrowing limit.
The best part? Borrowing allows you to earn even more through secondary yield farming strategies while still keeping your assets. It’s a win-win situation!
Putting Your Borrowed Assets to Work
Once you’ve borrowed assets on Mare Finance, the possibilities are endless! Here are just a few ways you can put your borrowed assets to work:
- Earn Kava rewards by supplying USDC or USDT to Kava Lend.
- Earn VARA emissions by borrowing equal amounts of USDC and DAI and supplying them to liquidity pools on Equilibre.
- Earn trade fees and KAVA rewards by borrowing equal amounts of USDC, USDT, and DAI and supplying them to the Curve 3pool.
- Keep the rewards coming by bringing your borrowed assets back to Mare and continuing to earn more rewards and interest.
Just remember to be cautious if you decide to re-supply on Mare with borrowed assets – interest rates can add up quickly!
Maximizing Your Earnings with Multi-Platform Farming
Farming on multiple platforms can help you accumulate various types of rewards. To maximize your earning potential, consider compounding your rewards by staking on Mare, Kava, and Equilibre.
When it comes to staking MARE tokens, you have two options: uMARE and sMARE. Staking in the uMARE pool earns you VARA, KAVA, and USDC rewards, while staking in the sMARE pool earns you MARE, VARA, and KAVA rewards. The exact APY varies depending on market conditions but is currently well into the hundreds for both pools. Just remember that you’ll receive a staking derivative when staking MARE, which you’ll need to reclaim your staked tokens.
But that’s not all – you can also earn rewards by staking KAVA tokens. In addition to earning liquid KAVA rewards, staking KAVA strengthens the KAVA chain and allows you to participate in governance decisions.
Want even more earning potential? Lock your VARA tokens on Equilibre to gain voting power and earn voting APY in the form of trade fees and bribes.
Unlocking the Potential of Yield Farming with Mare Finance
Mare Finance provides a unique opportunity for crypto investors to earn rewards through yield farming. By supplying collateral and borrowing stablecoins, you can generate yield through secondary farming strategies on platforms such as Kava Lend, Equilibre, and Curve.
But the earning potential doesn’t stop there – you can further compound your rewards by staking and locking VARA tokens for voting power. However, it’s important to remember that yield farming comes with risks. It’s crucial to understand and manage those risks before participating.
Do your research and stay informed about market trends to make smart decisions. With careful management, yield farming on Mare Finance can offer potentially significant rewards.
Via this site
