IPOR Protocol’s DAI Real-Yield, Now Boosted with EDSR
The IPOR protocol is one of the first protocols in DeFi to incorporate MakerDAO’s EDSR, further enhancing the yield of DAI LPs.
IPOR DAI LPs are now getting the 8% EDSR yield!
After the unanimous vote by the IPOR Economics Workgroup on Monday, July 31, the IPOR Labs team focused on incorporating the 8% Enhanced DAI Savings Rate (EDSR) into the IPOR DAI asset management contracts. The EDSR is now incorporated with all related smart contract changes audited. The audit report is available in the IPOR Docs.
The smart contract update enables IPOR DAI pool liquidity underwriting swaps to also be deposited into MakerDAO’s vaults and earn the EDSR.
Previously DAI liquidity was deposited in either AAVE or Compound, depending on which of the two offered a better APR.
Anyone holding DAI can now access the improved yield by simply depositing in the IPOR DAI pool.
Further APR improvements can be achieved by:
- Staking ipDAI tokens — that activates yield farming, enabling LPs to receive pwIPOR token rewards. Currently, that will increase the LP’s APR by an additional 4.30%.
- Boosting your liquidity mining position with pwIPOR — reaching a 5% ratio between your liquidity mining position and delegated pwIPOR will further increase your APR by ~10% (for ex. 1000 DAI and 50 pwIPOR delegated). Higher ratios will boost your pwIPOR token rewards even more. Currently, the top 50% of LPs who have delegated pwIPOR to their liquidity mining positions earn over 50% APR.
If you are unsure how to deposit liquidity and boost your APRs with pwIPOR, watch this walkthrough video.
With the incorporation of EDSR, IPOR DAI LPs can now access yield from
EDSR + Protocol Fees + SOAP* + pwIPOR farming
…making the IPOR DAI pool, one of the coziest locations for DAI liquidity in DeFi.
*SOAP, or Sum of All Payoffs, is a snapshot view of the unrealized P&L of all open positions against the pool.
According to Rune Christensen from MakerDAO, the increased EDSR rate will be available until 20% utilization of the DSR is reached. Currently, the utilization is at 17.4%, so there is limited time to act.
To get the 8% yield, deposit DAI NOW at:
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