Reminder to liquidity providers in the SILO/FRAX pool: You can move your liquidity to the SILO/ETH balancer pool.
24 Nov 2022, 13:21
Reminder to liquidity providers in the SILO/FRAX pool: You can move your liquidity to the SILO/ETH balancer pool.
The pool generates up to ~30% APR when you stake your SILO/ETH LP tokens in Aura.
Here is a guide how you can LP in the in SILO/ETH balancer pool:
Why LP in SILO/ETH?
Liquidity providers in SILO/ETH pool have been farming $BAL. You can sell your $BAL for $auraBAL and lock it for ~53% APR.
Simple strategy:
- Provide SILO/ETH liquidity (Balancer)
- Lock SILO/ETH LP tokens on Aura
- Receive BAL + AURA rewards
- Harvest BAL and sell it for auraBAL
- Lock auraBAL (~53% APR)