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Earn

Earn yield paid in stablecoins.

Get the maximum benefit of concentrated liquidity without the complexities and common pitfalls experienced on a DEX!

Where does the yield come from?

Providing liquidity to Real Yield enables Impermanent Gain options to be minted & traded, earning you fees in return. 🤝
Liquidity deposited on Smilee stays on Smilee — it mimics the behavior of a DEX through our synthetic engine (math). Therefore the performance of the liquidity position will be very similarly to a DEX such as Uniswap, BUT better
  • Earn yield in a hard asset.
  • More reliable return (ironically, volatility is less volatile than volume).
  • Estimated lower impermanent loss (research paper thoon).
WITHOUT notorious problems experienced on DEXs such as toxic order flow and Just-In-Time liquidity (JIT) bots eating your profits.
How did we pull that off? Smilee’s novel design creates all concentrated liquidity ranges equal, in fixed time durations—there’s no way to gain an edge or front-run large orders. Not only do you doge the MEV bullet, but that also implies you completely avoid the fuss of manually setting your liquidity ranges/strategy—Smilee optimizes it for you instead.

As a Real Yield earnooor, you simply:

  1. 1.
    Deposit assets to a token pair of your choice.
  2. 2.
    Earn yield from Impermanent Gain options minting.
  3. 3.
    Earn yield from Impermanent Gain options trading (AMM).
It’s that simple…
(Beware: You are exposed to Impermanent Loss)
Real Yield doesn’t expire, though it’s rebalanced periodically to ensure the liquidity is in the current price range generating the most fees from Impermanent Gain buyers.