Epoch 53 Update
| Epoch 53 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Label | Vote % | Rewards | TVL | Vol | Vol/TVL | Vol from $1 | TVL from $1 | Revenues / 1$ PIL | APR | Bribes | Rewards/Bribes |
| Curve: USDC | 57.31% | 4,140 | 7,167,971 | 2,853,733 | 0.40 | 689 | 1,731 | 1.19 | 3.59% | 0 | |
| Curve: LUSD | 8.24% | 595 | 712,873 | 33,187 | 0.05 | 56 | 1,198 | 1.02 | 4.43% | 0 | |
| Uniswap V4 | 30.38% | 2195 | 3,400,000 | 1,263,019 | 0.37 | 575 | 1,549 | 1.15 | 6.29% | 0 | |
| BOLD/kpkUSDC | 4.05% | 293 | 81,551 | 21,630 | 0.27 | 74 | 279 | 1.02 | 0.45% | 0 |
Pools log
Deleted pool: BOLD/USND/USDC on Balancer, no more stats + USND minters are advised to close out their positions
New Pool: BOLD/kpkUSDC on Balancer (kpkUSDC = USDC Vault on Morpho)
Yield opportunities
Stable/stable pools:
- BOLD/USDC on Uniswap, with 6% APR mostly paid in BOLD
We have high yields on Ekubo at the moment but Ekubo has been exploited last week. It’s up to you to decide whether the risk is worth taking
BOLD/kpkUSDC liquidity initiative is going wrong
According to the proposal, this pool was leveraging the kpk USDC Prime vault on Morpho to boost its yields:
At a current 4.15% APY for the vault, a balanced 50/50 pool generates a baseline ~2% APR purely from the boosted leg, regardless of trading volume
But the vault’s stats tell a different story 
Almost all the deposits were withdrawn last week.
Most of them just moved to Morpho V2 vaults, and there are several USDC V2 Vaults managed by kpk
This liquidity initiative is using a deprecated Morpho Vault which has almost zero yields, and no action has been taken to switch to a Morpho V2 vault so far, even though kpk manages several of them.
Now we have 2 options with this intiative:
- It migrates to a Morpho V2 vault (we have a selection of vaults with 4%+ APR out there)
- Veto it
It may sound harsh, but we must remember that the yields offered by Morpho were one of the main selling points of this initiative.
Not only is this argument irrelevant, but this pool also offers no real advantage over other initiatives (whether in terms of volume or organic yields).
