yohaan john
The current APY of the renBTCCRV Jar on Pickle Finance (Polygon) is 0.34% with only $18K in the Jar.
The below strategy can incentivise the size of the pool to grow and encourage people to start farming their BTC.
Steps:
  1. Acquire renBTC in the cheapest possible way using either Hippodrome or Cometh.
  2. Provide liquidity on renBTCCRV pool on Curve Polygon and get base APY of 0.28%
  3. Sell the LM rewards (3.18% CRV and 2.85% WMATIC) to get more renBTC on Cometh or Hippodrome, whichever is cheaper.
  4. LP again on curve and repeat this process.
  5. Deposit LP token on Pickle and repeat steps 1 to 4.
This strategy can possibly give approximately 5.00% returns on your renBTC provided that the interest rates and LM rewards on curve finance are stable. When you compare that with the “0% rate'' you get on Aave or Compound, this is a much better alternative to work your BTC.
Wanted to attach my calculations but I could only attach an image. So DM me on Discord YJN#6620 to know more.