How to Earn Huge Rewards using USD+/USDC+ on Aerodrome Finance

Introduction

In the ever-evolving world of decentralized finance (DeFi), yield farming has become a popular way for crypto enthusiasts to generate passive income. One of the latest opportunities in the yield farming space is USD+/USDC+ on Aerodrome Base.

This blog post will guide you through the necessary requirements and the three ways to join this lucrative staking opportunity.

Necessary Requirements

Before you can start yield farming on Aerodrome Finance, there are a few necessary requirements. Firstly, you need a crypto wallet. Wallets like MetaMask or Rabby are excellent choices due to their user-friendly interface and high security. Secondly, you need to add the base chain to your wallet. This process is automatic if you’re using Rabby, making it even more convenient for new users.

Chain: Base Chain (https://www.base.org)

Platform: Aerodrome (https://aerodrome.finance)

LPing Directly on Aerodrome Finanсe

The first method to join USD+/USDC+ staking is through Liquidity Providing (LPing) directly on the Aerodrome. This process involves providing both USD+ and USDC+ tokens to the liquidity pool. In return, you receive LP tokens which you can stake to earn rewards ($AERO). This is the most direct and commonly used way to start farmingl.

Step-by-step Guide for LPing Directly on Aerodrome Website

1. Visit the Aerodrome Finance website and connect your wallet.
2. Navigate to the “Liquidity” section.
3. Choose the USD+/USDC+ liquidity pool.
4. Click “Deposit”
5. Input the amount of USD+ and USDC+ you want to provide. Make sure you have the amount required. This is automatically quoted by Aerodrome based on the needed proportion of the pool.
6. Confirm the transaction in your wallet.
7. The platform will issue you LP tokens based on your provided liquidity.
8. Stake your LP tokens in the same pool to start earning rewards.
9. You’re done!

Using Zap on Overnight Finance Website

The second method is through using the Zap feature on the Overnight Finance website. Zap is a tool that converts your funds into LP tokens in a single transaction, saving you the hassle of buying each token separately and adding them to the liquidity pool. This method is more user-friendly and perfect for beginners.

Step-by-step Guide for Using Zap on Overnight Finance Website

1. Visit the Overnight Finance website and connect your wallet.
2. Locate the “Zap” feature on the website.
3. Choose the USD+/USDC+ pool from the list of available options.
4. Enter the amount of funds you wish to convert into LP tokens.
5. Confirm the transaction in your wallet. No need to worry about the correct proportion as the Zap In will automatically calculate it for you. Easy, right?
6. Overnight’s Zap In feature will automatically convert your funds into LP tokens and add them to the USD+/USDC+ pool.
7. Stake your LP tokens in the same pool to start earning rewards by following the prompt.

Using Beefy Finance to Auto Compound Pool

The third and final method is using Beefy Finance to auto compound your pool. Beefy Finance is a yield optimizer platform that automatically reinvests your rewards back into the pool, thus compounding your earnings. This method is ideal for those who want to maximize their returns without the need to manually reinvest their rewards.

Step-by-step Guide for Using Beefy Finance to Auto Compound Pool Rewards

1. Visit the Beefy Finance website and connect your wallet.
2. Choose the USD+/USDC+ pool from the list of available options.
3. Enter the amount of funds you wish to stake in the pool.
   1. You may either provide liquidity first on Aerodrome Finance and then stake your LP tokens on Beefy for the auto-compounding feature.
   2. You may also use their built-in Zap In feature to easily join the staking pool.

      Choose from your available tokens in your wallet.

      

      Enter the amount you desire to stake and confirm the transaction.

      

4. Confirm the transaction in your wallet.
5. The platform will automatically add your funds to the USD+/USDC+ pool.
6. Beefy Finance will automatically reinvest the rewards you earn back into the pool, compounding your earnings.
7. Monitor your investment and withdraw your funds whenever you want.

Conclusion

Yield farming USD+/USDC+ on Aerodrome Finance provides a great opportunity for passive income in the DeFi space. Whether you’re a seasoned crypto investor or a newbie, the three methods discussed in this blog post offer a range of options to suit your level of expertise and investment strategy. Remember to always do your own research and only invest what you can afford to lose. Happy farming!