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Stablecoin Farming on @monad



APY is now incentivized with $MON tokens across DeFi protocols.

10%+ on stablecoins? Easy.

Here are the list and guide to onboard in 2 minutes 👇:

1️⃣ DeFi Protocols: Euler, Morpho Gearbox

> @eulerfinance: 16.9% on AUSD
> @Morpho: 13.19% on AUSD
> @GearboxProtocol: 8.32% on USDC

Criteria:
+ Only one action needed (one-click)
+ Top DeFi protocols with proven records
+ Large stablecoins (Agora's AUSD is backed by Paradigm and Dragonfly)

2️⃣ How to start farming on Monad in 2 minutes

2.1 If you have USDC, can bridge to Monad via @StargateFinance directly and you'll auto receive 1 MON for gas

2.2 If you want to farm Euler or Morpho, make sure to swap to AUSD on Ethereum first before bridge via Stargate (deeper liquidity + 0% OFT bridge fee)

DYOR. I think Gearbox is the safest choice (USDC + no curator) but Steakhouse on Morpho is a great curator too.

Happy Farming.
MON7.22%
ETH8.23%
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