Author: Movement official Chinese
Yesterday, we introduced a beginner’s guide to the Movement DeFi ecosystem. Today, continue to follow Torab @torabyou to get an advanced guide.
This is the second part of our article on different DeFi strategies of Movement. Need I remind you that this is not an investment advice? Come on, I know. If you are a DeFi veteran, this may seem a little basic and you can skip it. If you are a newbie, then let’s get into the point.
Projects introduced today are: @fraxfinance, @AnzenFinance, @BTClayer2, @Lombard_Finance, @meridian_money, @LayerBankFi,
@canopyxyz, @StableJack_xyz, @zerufinance, @YuzuDEX。
🟡Strategy 1
Cross $MOVE to Movement via the Movement Bridge powered by @LayerZero_Core. Stake your $MOVE on Meridian to get $stMOVE, then deposit $stMOVE into Stablejack for leveraged yield and get VT-stMOVE.
@meridian_money is our ecosystem’s DEX and liquidity staking protocol, which has raised $4 million and is becoming the backbone of our DeFi ecosystem.
@StableJack_xyz provides leveraged yield assets and is also a trading platform for yield and volatility markets.
🟡Strategy 2
Cross glBTC (BTC LST) from BEVM to Movement. Deposit your glBTC in LayerBank and borrow FRAX. Then deposit FRAX into Canopy, the yield aggregator. Canopy will find the most profitable strategy to maximize your FRAX yield.
@BTClayer2 is a Bitcoin Layer 2 based on the "Super Bitcoin" mechanism. Its BTC LST is glBTC and can be used on Movement.
@LayerBankFi is a full-chain lending protocol with hundreds of millions of dollars in TVL.
@fraxfinance is a censorship-resistant decentralized stablecoin pioneered by @samkazemian.
@canopyxyz is a composable Move native yield aggregator.
🟡Strategy Three
Cross LBTC (BTC LST) to Movement. Deposit your LBTC into Zeru Finance. Once you’ve borrowed USDC, deposit it into Anzen and mint USDz, a private credit-backed, yield-providing real-world asset (RWA).
@Lombard_Finance is a BTC LST that allows @babylonlabs_io users to participate in DeFi while earning staking fees through LBTC.
@zerufinance is a full-chain credit infrastructure and money market with the potential to provide uncollateralized lending.
@AnzenFinance is the creator of USDz, enabling ordinary users to earn high yields through private credit-backed, yield-providing RWAs.
🟡Strategy 4
Cross USDC and FRAX to Movement. Then use USDC and FRAX as LP tokens of Yuzuswap (DEX), and stake USDC-FRAX LP tokens to earn fees and yields.
@YuzuDEX is a decentralized exchange based on the V2 AMM model, with more products coming soon. If you haven't done LP before, I recommend starting with stablecoins. Here is a short introduction to LP from @Gemini: https://gemini.com/cryptopedia/liquidity-provider-amm-tokens…
We expect to attract hundreds of millions of dollars in TVL in the first month or so of mainnet launch, including BTC LST, ETH LST/LRT, stablecoins, RWA and meme tokens. DeFi is the backbone of all respectable blockchains, and Movement is no exception. We will have more video content about the advantages of DeFi, so stay tuned!
