Introducing the first Bastion cUSDC<>cUSDT vault
Automatic process, no IL loss, composable stable farm
The first-ever Bastion cUSDC<>cUSDT LP vault on Aurora is now live for deposits!
At approximately 11:00 AM UTC on May 31st, BlueBit users who deposited Bastion cUSDC-cUSDT LP will start earning extra $BBT yield immediately.
Bastion, the Aurora lending protocol, has paved its path to the TVL leader with passion and innovation. They found a way to further enhance the composability of its cTokens (interest-bearing tokens) with stableswap farms. By providing cUSDT/cUSDC liquidity and stake, Bastion users are entitled to earn:
- lending interest
- stableswap trading fees
- LP farming reward
A great deal in the bear market! But BlueBit will make it even greater!👩🌾 In line with our mission, our newly launched vault will make the farm earn higher yields in a more efficient, and accessible manner.
Life with/without BlueBit
✈️State of current Bastion stableswap LP farmers:
1. Manually harvest $BSTN from time to time
2. Manually swap them into USDT or USDC
3. Manually swap/supply them in exchange for cUSDT or cUSDC
4. Manually add liquidity
5. Manually deposit in Bastion farm again
🚀If farm with BlueBit:
1. Get Bastion cUSDC<>cUSDT LP and deposit in BlueBit vault
2. Sit back and relax, and watch your LP grows.
🐝Every 4 hours, BlueBit vault will AUTOMATICALLY:
1. Sell $BSTN rewards into USDT/USDC
2. Deposit in Bastion main hub to get cUSDT/cUSDC
3. Add liquidity and get more cUSDC<>cUSDT LP
4. Deposit LP in the farm
What are the merits?
1.Save your time, gas, and effort on complex and time-consuming auto-compounding processes.
2. Your rewards positions are always in form of cTokens(e.g. cUSDT, cUSDC), which is stable, and interest-bearing.
3. Aggregate your Bastion stable LP (e.g. cUSDT-cUSDC) in compounding
4. Earn BBT rewards on top of it!
About BlueBit
BlueBit Finance, a proud Aurora grant recipient, is a yield aggregator protocol deployed on Aurora. The protocol allows users to earn more yield from DeFi farming in a more secure, accessible, and efficient manner.
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