Inverse Finance is working hard with Balancer to create a new, flexible, and efficient exchange for DOLA and INV holders. We are initially supporting two incentivized pools on the platform DOLA/INV and DOLA/bb-a-USDand thanks to the efficiency of the incentive distribution system of both Balancer and Aura – which is similar to Convex’s integration with Curve – the pool gets a much more attractive APY versus using traditional incentive methods.
The pool combines DOLA with Balancer’s own innovative token trio called bb-a-USD. It combines three stablecoins in a classic “3-pool” configuration of USDC, USDT & DAI represented by this single token in bb-a-USD which makes up the other side to the DOLA pool. Part of the liquidity from the bb-a-USD token is deposited into the money market Aave to collect interest and give the token intrinsic productivity. This is DeFi composability at its finest, utilizing part of the underutilized liquidity to create more value both for the holders and the protocol.
Liquidity providers in the DOLA/bb-a-USD pool are currently enjoying over 24% APY rewarded in $AURA and $BAL tokens. These rewards are generated by our vlAURA voting power, as well as our bribing on Redacted Cartel’s Hidden Hand platform. Moving forward, depositors in the pool can expect consistently high APY’s, as we strive to beat market rates set by our closest competitors. Starting next voting round, incentives to the pool will expand and at current TVL, rewards on Aura are projected to be 65% APY.
That’s 65% APY on your stablecoin!