Quote from: R1dwanRz on August 15, 2024, 09:05:36 AM

Anyways, I believe some folks are looking for some passive income right now. It's not an uncommon thing to do, we'd earn by staking, giving liquidity in a dex and etc. but what can be a really good passive income?

Apologies for shilling Hyperliquid again Grin

but there's an interesting opportunity here that I think more people should be aware of. Hyperliquid has a community-owned vault called Hyperliquidity Provider (HLP), designed to provide liquidity for their perpetual markets.

Key points:

Current vault size: Over $257 million USDC
Recent performance: 23% APR in the past month (previously exceeded 30% before a recent surge in deposits)
Strategy: Unlike traditional AMM pools prone to impermanent loss, HLP employs a sophisticated market-making strategy developed by the Hyperliquid team
Revenue streams: Profits from market-making, a share of Hyperliquid's trading fees, and acting as primary liquidators for perp markets
The vault has consistently generated profits across various market conditions (see PnL chart below)

If you're looking to put some USDC to work, the Hyperliquid HLP vault might be worth investigating. As always, please do your own research and be aware of the usual risks associated with DeFi platforms.

Quote from: R1dwanRz on August 15, 2024, 09:05:36 AM

Platforms like Bitget offer attractive rates of up to 18% APR

How could they offer such high rates? (I'm too lazy to look it up myself) Unless it's just a promotional rate with capped amount, this sounds too high of a return for passive USDT staking.