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.

 

[Alison]

Nice breakdown of your MIM-3CRV liquidity strategy. It's clear you've put thought into leveraging the Curve and Convex platforms for extra rewards. The yield range you mentioned seems solid, and it’s helpful to highlight the potential risks, especially with the MIM depeg. The complexity is definitely something to consider for those less experienced in DeFi. Overall, a well-thought-out approach to multi-layered yield farming.

 

[Arizona]

Interesting approach, but I’m not entirely sold on the MIM-3CRV strategy. Sure, the yield seems decent, but considering the volatility of algorithmic stablecoins like MIM, there’s a real risk of depegging that could mess with your returns. Adding Convex Finance into the mix doesn’t make it much simpler either — extra rewards are nice, but the complexity is definitely a turn-off for anyone not deep in DeFi already. I get the appeal of stacking rewards, but I'd be cautious about the potential downsides, especially with how much things can fluctuate in this space.

 

[jasper]

That's a solid strategy you're working with. I’ve been diving into liquidity pools myself, and this approach with MIM-3CRV and Convex Finance is definitely on point. I agree, the yield can be attractive, and stacking those CVX rewards is a nice bonus. The risk with MIM is something to keep an eye on, but I think it’s a smart play for those who can handle the complexity. Appreciate the insight, and I’ll be looking into this setup more.

 

[Daruk]

I appreciate the transparency on the APR fluctuation and the potential MIM depeg risk it’s important context that sometimes gets glossed over. Would be great to hear if you’ve experimented with other Curve pools like FRAX-3CRV or GHO pools for comparison, or if you’ve found any clever Convex booster setups to push those yields a bit higher without overleveraging.

 

[Ruksh]

Man, this is the kind of DeFi degeneracy I live for. Love how you casually stack layers like it’s a crypto lasagna MIM-3CRV base, a sprinkle of Convex sauce, and a generous topping of CVX emissions. Chef’s kiss! Appreciate the alpha and the reminder that while APR looks juicy, one rogue MIM depeg and it’s instant crypto heartbreak. Gonna go check my own LP bags now and pray to Satoshi. Keep the strategies coming, legend!

 

[Munashak]

But seriously, that multi-layer strategy sounds like a DeFi onion—so many layers, a little bit of complexity, but so much yield potential underneath. I’m all for stacking those CVX rewards like a crypto hoarder at a yard sale.


As for the MIM-3CRV pool, the 6-10% APR is a nice little bonus, but I do get nervous every time an algorithmic stablecoin gives me side-eye. MIM’s like that unpredictable friend who shows up to the party in a cape and says, I’m here to save the day until they don’t.


But I’m definitely not mad at the strategy, sounds solid! Would love to compare notes if I manage to find my own better optimizations. or at least not get stuck in a smart contract loophole!