Happy Mother’s Day, legends! 🌸
To every mom who ever told us to “spend less time on those damn coins” (and to every degen who ignored her) — today’s for you.
Quick flex before brunch: $REKT ripped +18% in the last 24h. If you treated Mom to a little bag after yesterday’s newsletter, you’re officially the family favorite. 😉
Sunday Banger – 42% APY on $MNT in Three Easy Steps
Mantle’s ecosystem keeps sneaking out yield hacks, and this one from Lendle is too good not to share. Ready? Let’s roll.
What | Why it matters | |
|---|---|---|
Asset | $MNT (Mantle) | Layer‑2 gas token with institution‑friendly roadmap |
Platform | Lendle | Top money‑market on Mantle (≈ $10 M TVL) |
Headline | ≈ 42 % APY single‑sided on $MNT 🔥 | No LP impermanent loss |
1️⃣ Be Bullish $MNT
This is pure single‑asset staking. If you already want to hold Mantle, you might as well farm it while you sleep.
2️⃣ Hold the “Booster” Token ($LEND)
Lendle rewards bigger APY to depositors who also stake a little $LEND.
Ratio: 1 $LEND per 10 $MNT in the vault gives you the max tier.
Math check: At today’s prices you’ll earn back that booster in ~10 days. After that it’s gravy.
Risk check: $LEND is a 6‑figure mcap token. Solid TVL but low‑cap = higher volatility. Smart‑contract risk still applies. DYOR.
3️⃣ Deposit, Chill, Compound
Once your $MNT + $LEND are staked, you’re cruising at roughly 41‑42 % APY (rates float, expect chop).
Want Neutral Exposure? Go Hedge Mode
If you just care about yield, not price:
Deposit $MNT → farm 35‑42 % APR.
Short 2× $MNT perps on Hyperliquid (funding currently near 0 %).
Net result ≈ 31 % APY delta‑neutral (your long spot + short perps cancel price moves).
Plain English: you’re collecting yield while being flat on $MNT’s price – great for steady stacking without sleepless nights.
Why We Like This Setup
Low friction: no swapping, bridging, vault‑hopping. One deposit.
Early‑cycle juice: Mantle is courting institutions, liquidity incentives are fat right now.
Optional upside: stay un‑hedged if you believe $MNT’s next leg is up only.
Speedrun to break‑even: 10 days to claw back the $LEND booster, then pure profit.
Quick Jargon Buster
Term | TL;DR |
|---|---|
TVL | “Total Value Locked” – how much money is parked in a protocol. More ≠ safer, but ghost‑town TVL is a red flag. |
Single‑sided yield | You stake only one token (no 50/50 LP pair), so no impermanent loss. |
Delta‑neutral | Hedge price swings (long spot, short futures) so you farm yield without caring if price nukes or moons. |
Smart‑contract risk | Code could break or be hacked. Never stake more than you’re willing to wake up without. |
Nuggs’ Take
I’m nibbling on this vault with house money from that sweet $REKT pump. Lendle’s contracts have been live since Q3‑23 with no exploits, but it’s still DeFi: seatbelt on.
If you’re Mantle‑pilled, the 42 % APY is a no‑brainer. If you’re just yield‑curious, hedge it and clip the 31 %. Either way, Sunday just got spicier.
Enjoy the family time, call your mom, and stack.
— Team CryptoNuggs 🧙♂️
Not financial advice. It’s Mother’s Day – she gives better advice anyway.