Hello,
Can someone kindly explain (in plain English) how does the "USDC - DForceUSDC" vaults strategy work?
Thanks,
Hello,
Can someone kindly explain (in plain English) how does the "USDC - DForceUSDC" vaults strategy work?
Thanks,
My understanding:
The DForceUSDC strategy accepts USDC and deposits that USDC into the USDC dForce yield market which then deposits USDC into an optimal yield strategy (like Earn)—I believe their USDC strategy is farming COMP atm.
By using the USDC dForce yield market, the strategy receives dUSDC tokens, stakes them in dForce, earns the DF (dForce token), then sells DF on the market.