Earn yield on sUSD
Last updated
Last updated
This guide walks you through depositing sUSD and sUSDe into a Curve pool, receiving LP tokens, and then depositing those tokens into a StakeDAO strategy to earn rewards.
Get your stable coins ready: Ensure you have the required sUSD and/or sUSDe in your wallet, with enough ETH to cover gas fees. Both sUSD and or sUSDe can be acquired via Curve.
Security Tip: Always double-check that you’re interacting with the correct smart contracts and websites to avoid scams.
Visit the sUSD/sUSDe Curve Deposit Page and connect your wallet.
Input the amount of sUSD and sUSDe you wish to deposit. Curve will show you the pool ratios and the estimated LP tokens you’ll receive.
Note: when only sUSD is deposited some will be swapped into sUSDe non-proportionally.
Once reviewing the details, confirm the transaction in your wallet. Wait for the network to confirm the transaction to receive your LP tokens.
Go to the StakeDAO Yield Page and connect the same wallet holding your recently acquired sUSDUSDe LP tokens.
Select the strategy associated with your Curve pool. Follow the on-screen instructions for two more transactions for an approval and deposit your LP tokens into the StakeDAO strategy.
Once deposited, your LP tokens will begin earning rewards. You can monitor your yields and claim rewards.
You can claim your rewards as often as you wish or set them to auto-compound to potentially enhance your returns over time.
Stay Updated: Regularly review the strategy performance and any updates to ensure you’re maximizing your yields efficiently.
By following this guide, you have learned how to deposit your sUSD and/or sUSDe into a Curve liquidity pool, obtain LP tokens, and further stake those tokens in a StakeDAO strategy to earn rewards.
