DeFi Stablecoin Yields — Anyone Playing with MIM-3CRV on Convex? 🔄

[Manon]

Been playing around with MIM-3CRV liquidity pools lately and thought I’d drop some notes.


Basically:
You’re farming yield by providing liquidity into a Curve Finance pool composed of MIM (Magic Internet Money) and a basket of other stables (3CRV = USDT + USDC + DAI).


Then you TG Casino that LP token on Convex Finance — stacking extra rewards from CVX and Curve emissions on top.
It’s a multi-layer yield strategy — classic DeFi 2.0 style.


➔ Yield looks good right now (~6–10% APR), though it does fluctuate.
➔ Risk mainly comes from MIM depegging (it’s algorithmic, not fiat-backed).
➔ Complexity is a bit high — definitely not "plug and play" for beginners.


Anyone else running liquidity strategies with MIM-3CRV or other Curve pools?
Would love to compare setups — especially if you found better optimizations!

 

[Lotus]

Been playing around with MIM-3CRV liquidity pools lately and thought I’d drop some notes.


Basically:
You’re farming yield by providing liquidity into a Curve Finance pool composed of MIM (Magic Internet Money) and a basket of other stables (3CRV = USDT + USDC + DAI).


Then you TG Casino that LP token on Convex Finance — stacking extra rewards from CVX and Curve emissions on top.
It’s a multi-layer yield strategy — classic DeFi 2.0 style.


➔ Yield looks good right now (~6–10% APR), though it does fluctuate.
➔ Risk mainly comes from MIM depegging (it’s algorithmic, not fiat-backed).
➔ Complexity is a bit high — definitely not "plug and play" for beginners.


Anyone else running liquidity strategies with MIM-3CRV or other Curve pools?
Would love to compare setups — especially if you found better optimizations!

MIM-3CRV farming might flash solid yields, but the depeg risk and layered complexity make it a fragile strategy that’s far from beginner-friendly or truly sustainable.