Currently $Joe makes up the third largest percent of $aHYPE and is not earning any yield. Right now APR is 8.15% on SJOE , but due to the deposit fee we are not able to use sJoe in the fund.
I would propose instead of missing out on that yield we instead use yyJOE. You can read more about yyJOE here. Yield Yak launches Yak Rush for yyJOE alongside veJOE strategies to boost Trader Joe farming yields | by Yield Yak | Medium. yyJoe currently earns 27.4% APY on yield yack Yield Yak | Earn More Yield.
In the future to diversify risk other options could be added like $zJOE from Vector Converting and Staking JOE - Vector Finance.
There is also the option of having both $JOE and $yyJOE for diversification of risk.
- Replace JOE with yyJOE
- Don’t Replace JOE with yyJOE
- Keep JOE and add yyJOE