The Tricrypto launch brought the possibility of using yield-bearing assets inside Kassandra funds, enabling the underlying tokens of the funds to be yield farming in other protocols while following the desired allocations of the fund.
The Avalanche Social Index (aHYPE) was launched a few months ago without this possibility.
I would like to start a formal discussion about choosing if it would be a good idea to put all the funds inside aHYPE to yield farm and to also discuss where to put it.
While yield farming can leverage gains to fund investors, it also brings an extra layer of compounded protocol risk.
Inside the pool, we have AVAX, JOE, KACY, QI, CRA, PNG, and XAVA.
The first upgrade that we could do is change AVAX → sAVAX, which would give an annual percentage return of ~7.2%,staking.benqi.fi/stake.
To take advantage of yield farming strategies we can use YieldYak vaults, available at: Yield Yak | Earn More Yield.
If we put sAVAX on YieldYak to farm on Vector, we can earn an extra 9.5% APR over sAVAX, resulting in a total 16.7% APR over all AVAX inside aHYPE.
Those two steps are up for discussion, as the farm for sAVAX on YieldYak.
There are others farms on YY for JOE with 23.8% APR, QI with 14.5% APR, and PNG with 28.7% APR.
YieldYak doesn’t seem to have farms for CRA and XAVA.
What do you guys think about these farming options? Should we choose others? Are you guys in favor of the upgrade at all?
- In favor of the upgrade as proposed
- In favor of the upgrade with some changes
- Against any kind of upgrade
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