Top 3 Strategies to Maximize Your Stacks Assets
10
minute read
August 1, 2024
Tycho Onnasch
Whether you have STX, stSTX, aeUSDC, or DIKO tokens, one thing is true:
Zest Protocol is the easiest to use platform to earn rewards on your idle Stacks assets!
The only other ways to leverage your idle tokens is via providing liquidity or locking them up in staking contracts. These come with risks of their own including impermanent loss as well as opportunity costs from staking lockups.
Zest Protocol is as simple as depositing and watching your crypto gain value through yield in real-time. There are no withdrawal delays and no risks of impermanent loss by depositing. It’s a no-brainer to park your Stacks assets here and make them more productive!
Here’s our top 3 strategies in no particular order to maximize your assets:
Deposit stSTX to earn 1.5x StackingDAO points
stSTX is the liquid form of staked STX - it has all the benefits of stacking your STX plus passive yield and liquidity to use in Stacks DeFi!
stSTX can do even more when parked in Zest Protocol. Our strategic partnership with their team allows you to earn 1.5x bonus StackingDAO points on all stSTX deposited.
That’s not all - you also earn 1x Zest Points per $1 deposited per day + passive yield from our borrowing markets.
It couldn’t be easier to do:
Not enough rewards for you?
Borrow against that deposited stSTX and re-deposit it to earn even MORE points!
Borrow DIKO to stake for ~5% APR
DIKO is the governance token for Arkadiko Finance, as well as the most recently added token to Zest Protocol! Users can deposit to earn yield as well as our juicy Zest points.
That’s just the tip of the iceberg - DIKO can be borrowed as well, collateralized by the assets you’ve deposited. As of writing this blog post, you can borrow DIKO for 1.85% APY at 50% LTV, meaning if you deposit 100 STX, you can borrow half of that $ amount in DIKO tokens.
Take your borrowed DIKO and stake it for ~5% APY on Arkadiko’s site, earning you real yield at a higher rate than the current Zest DIKO borrow rates! Simple but effective arbitrage at its finest.
It’s as easy as 1-2-3:
- Deposit STX or stSTX into Zest Protocol here
- Borrow DIKO against your collateral on the same page
- Stake your borrowed DIKO here
Did I mention you’re also earning rewards on the collateral you deposited to borrow the DIKO tokens? It’s pretty rewarding to be a zestie🍊
Deposit stSTX > borrow STX to go long on Stacks memecoins
Caption:The faces of $WELSH, $LEO, $ROO, and $ODIN
The memecoin community on Stacks is the most underrated alpha in the entire crypto industry. Some of the most passionate degens are here, grinding daily to spread the good word of their projects. Why shouldn’t you go long on the most vocal corner of the Stacks ecosystem?
Our personal favorites? $WELSH, $ROO, $LEO, and $ODIN. But there are more popping up daily with revolutionary ideas and new, creative ways to reward their communities.
The strategy here is to be able to buy memecoins but also benefit from StackingDAO + Zest points + passive yield on your stSTX. It’s a three for one deal that could lead your portfolio to the promised lands.
It’s quite simple:
- Deposit stSTX into Zest Protocol here
- Borrow STX on the same page
- Take your borrowed STX to Velar and swap into your favorite memecoin here
The real alpha of this strategy is to join the community you just bought into! Here’s some social links:
Don’t see your favorite memecoin community? Tag @ZestProtocol on Twitter/X and let us know what bags you’re bullish on.
That wraps up our top 3 favorite ways to maximize your Stacks assets on Zest Protocol. Using these strategies, you can leverage your tokens to their fullest potential!
Got a secret strategy we didn’t mention here? Our Twitter DMs are always open, we may just give you a shout out to our 24k+ followers😉
Follow us on Twitter for all of the latest updates and memes!
Join our zesty community via Discord and Telegram!
And as usual, stay zesty🍊
