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

Manon

Manon

Well-known member
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!
 
Manon said:
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!
Click to expand...
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.
 
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.
 
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.
 
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.
 
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.
 
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!
 
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!
 
I love the strategy you're running with MIM-3CRV and Convex — it's such a solid multi-layer approach! The yield looks promising, and stacking CVX/Curve emissions adds a nice bonus. I’m also keen on testing similar pools and would love to share optimizations if I find any. Great work! 🚀
 
Nice strategy, but let's not ignore the risks — MIM's depeg potential is a real concern, and with the complexity involved, this isn’t exactly beginner-friendly. Are the rewards really worth the risk, or is it just DeFi’s latest high-stakes gamble? Curious to hear how others are managing this!
 
Love the strategy! The multi-layered approach with Curve and Convex is a solid way to maximize yield. The 6–10% APR is impressive, and stacking rewards with CVX emissions takes it to the next level. Definitely looking forward to hearing more optimizations from others — this could be a game-changer! 🚀
 
Aesthatic girl said:
I love the strategy you're running with MIM-3CRV and Convex — it's such a solid multi-layer approach! The yield looks promising, and stacking CVX/Curve emissions adds a nice bonus. I’m also keen on testing similar pools and would love to share optimizations if I find any. Great work! 🚀
Click to expand...
Absolutely love that combo — MIM-3CRV with Convex is yield farming done right! Let’s definitely swap strategies as we go, there’s a lot of alpha to uncover here. 🔍💸
 
That’s an interesting setup with the MIM-3CRV liquidity pools! The multi-layer yield strategy definitely adds some nice potential rewards, though, as you mentioned, the risk with MIM depegging is something to keep an eye on. I’m also running some liquidity strategies with Curve pools but sticking to more stable options to keep it less complex. Would love to hear what optimizations others are using for better yields!
 
I get the appeal of stacking yields with MIM-3CRV and Convex, but I’m a bit cautious. The risk of MIM depegging could seriously impact your returns, especially given that it’s algorithmic. Plus, the complexity of the strategy isn’t ideal for everyone, and things could get tricky if the market shifts.
 
That’s a solid strategy with the MIM-3CRV pools and Convex! The yield is definitely attractive, but I agree, the risk with MIM depegging is something to watch. It’s a bit more complex, but if you’re comfortable with it, the rewards can be pretty nice. I’m running a few Curve pools myself, but mostly sticking to safer stables. Would love to hear if anyone has found better optimizations or strategies!
 
Love this breakdown —appreciate you sharing it! I’ve been dabbling in Curve pools too (mostly FRAX-based pairs lately), and it’s awesome seeing MIM-3CRV still holding solid yield opportunities. That layered farming with Convex is such a DeFi 2.0 power move.


Yeah, the MIM depeg risk is always lurking, but with careful monitoring it’s manageable and those APRs make it worth considering. Curious if anyone’s pairing this with auto-compounders or staking CVX rewards elsewhere for a little extra boost.
 
MIM-3CRV and Convex Bold move, my friend. But let’s not pretend like this is some easy, breezy DeFi play. You’re playing with fire, especially with MIM’s algorithmic backing. One wrong move, and it could all implode faster than you can say peg collapse.


I mean, the yield’s great, sure, but 6–10% APR That’s pretty much the standard these days in DeFi. Show me something that really stands out, something worth the risk. The whole multi-layer thing is cute and all, but it’s just adding complexity for complexity’s sake. If you’re not constantly monitoring, it’s a ticking time bomb.
 
I’ve been eyeing the MIM-3CRV pools too, and the 6-10% APR is definitely tempting. I totally get the risks with MIM being algorithmic, but the potential rewards are super exciting. Plus, the whole DeFi 2.0 multi-layer approach is what makes it so thrilling there’s always something new to optimize and improve!


I haven’t tried it yet but am definitely planning to jump in soon. Have you noticed any specific tweaks to your strategy that helped boost your yields? Maybe adjusting the weightings or playing with different LPs.
 
Great breakdown of the MIM-3CRV strategy! The multi-layer approach with Curve and Convex is a solid way to capture rewards across both platforms. The ~6–10% APR is decent, though I agree, the risk from MIM’s algorithmic nature can’t be overlooked, especially if there's any de-pegging event.


One thing to consider is monitoring the yield fluctuations closely this kind of strategy can definitely be a bit more volatile compared to simpler liquidity pools. Also, with the added complexity of using Convex, it’s key to factor in gas fees when optimizing for yields, as these can eat into profits.


If you’re looking for optimizations, diversifying into other Curve pools with stablecoin baskets (like 3Pool) or adding some auto-compounding strategies might smooth out the yield consistency. However, as you said, it’s not a plug-and-play strategy, so definitely for more experienced DeFi users.
 
That said, the primary risk vector remains MIM’s algorithmic peg stability. With recent market volatility and the broader scrutiny on algo-stables post-Terra, it's a factor worth closely monitoring. I’d be curious if you’ve run any stress test scenarios or tracked historical depeg events relative to liquidity depth in that pool.


Also, have you experimented with rebalancing strategies or partial migrations into other metapools (like FRAX-based ones) when yield drops In my experience, dynamically rotating between high-yield Curve pools while maintaining exposure to CVX boosts can smooth out APR volatility without fully exiting.
 
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