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Icetoad 🍕 🎩 🐈
@icetoad.eth
Anyone have experience with PAXG and/or XAUT yield generating opportunities?
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Brais.eth
@chi
I am interested. I was looking into it a couple of weeks ago, there's a pool on Uniswap with ETH, but I was puzzled by the fact that it's still on v2
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Icetoad 🍕 🎩 🐈
@icetoad.eth
There's a XAUT/PAXG pool on Uniswap v3 and one on Curve too. Figured I might try those to avoid impermanent loss while still benefiting from the upside of gold in this market.
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Brais.eth
@chi
Oh, with XAUT, I'm allergic to Tether — which might be a stupid idea, because if Tether collapses, we all go down anyway. IMO PAXG/someeurostablecoin would be good
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Icetoad 🍕 🎩 🐈
@icetoad.eth
Yea, I don't use Tether either but they long ago embedded themselves so deeply into the crypto market that they are now "too big to fail"
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Brais.eth
@chi
not aligned with "too big to fail" anymore. Change my mind hahahahahah. But Why don't we create that pool or sum more people to start a PAXG + some "trusted" euro stable coin? Too crazy?
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Icetoad 🍕 🎩 🐈
@icetoad.eth
Wonder how much liquidity would be proper.
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Brais.eth
@chi
Well EUROC is stable and PAXG is gold, so I think that there are some risk mitigated just by tokens nature. We can ask in Farcaster who is interested for a, let's say 50k pool to start? they are almost stable but not stable so I think that 0,005 fee is justified. According to my intuitions xD euro stables might be a refuguee for americans to diversify
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Icetoad 🍕 🎩 🐈
@icetoad.eth
Yea, I have honestly only been looking at EURC and tokenized gold yield opportunities because USDC is basically losing value. Even with the 7-8% I'm getting on USDC on Morpho right now it is still down against the Euro.
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