The Top Yields for Frax on Arbitrum Week 8

Samuel McCulloch
Samuel McCulloch
Feb 26, 2024
The Top Yields for Frax on Arbitrum Week 8

What is the Arbitrum STIP?

The STIP is a 3 month incentive program voted on by the Arbitrum DAO to bring renewed interest, attract new users, and build liquidity across all the decentralized apps that call Arbitrum home.

Frax requested 1.5m ARB from a total of 50m to increase liquidity for all of its products and assets. The Arbitrum DAO voted heavily in favor to include Frax in this program.

Read more about Frax's involvement in STIP

Exclusive First Look: How Frax is Allocating Its STIP Funds on Arbitrum
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What Opportunities are there for Frax on Arbitrum?

Flywheel has aggregated all the incentivized pools in a handy spreadsheet. Use it to track APRs, TVL, and find links to all the DApps.

Frax Fianace STIP Incentives
Arbitrum Pools Token,LP Pair,Link,Jan 22 APR Unboosted,Jan 22 APR Boosted,APR Change,Jan 22 TVL (Thousands),TVL Change,Jan 15 APR Unboosted,Jan 15 APR Boosted,APR Change,Jan 15 TVL (Thousands),TVL Change,Jan 8 APR Unboosted,Jan 8 APR Boosted,Jan 8 TVL (Thousands),Pair,Type,Pool,Gauge sfrxETH,CDP…

Weekly changes in TVL and APR are shown in green and red to track increases or decreases to these stats.

Interesting Weekly Changes

Topping the list this week are all three of Vaultcraft's Lock Vaults. These vaults provide incentives to locked FRAX deposits into Fraxlend on Arbitrum. The max lock is 6 months and for that time period you can earn triple digit yields on all the vaults. Based on Sam's personal returns, the rewards are much, much higher and the UI is not showing the correct APR.

All of the pools on Merkle are also seeing high APRs, with the Frax/frxETH pool yielding 277% right now. These pools are all Uniswap v3 variants, and you need to deposit through Bunni or one of the other supported protocols.

The last pool we want to highlight this week is the crvUSD/FRAX LP on Curve. It's one of the newer entrants to the STIP reward program for Frax and its yielding 20% to almost $10m in deposits. This pool can absorb a large amount of capital and so its relatively whale friendly.

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Not financial advice. Flywheel content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.

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