Ivan Labrie’s Substack

Ivan Labrie’s Substack

Farming ops to do while holding stables...

No reason not to put our $ to work

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Ivan Labrie
Mar 04, 2025
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GM gents,

Despite the likelihood of crypto entering a bear market for a good while, there’s many things we can do to continue farming airdrops and yield.

LevelUSD

lvlUSD is a stablecoin that lets you earn yield from lending and shared security protocols without direct exposure to crypto-asset beta. It’s well backed and currently has a $50mm market cap, with $75mm in deposits.

You can earn points and yield doing LP at Pendle or Penpie, boosting your future airdrop allocation in it.

There’s a referral system in case you want to utilize the protocol directly to farm their airdrop while earning points of partners associated to them:

”Level users can earn Level XP on top of rewards from partner protocols. Partner rewards will typically be tracked and retroactively distributed by partners (for stablecoin partners) or by Level (for restaking/AVS partners), and may not be visible on dashboards. Level XP is updated live on the Level dashboard.”

Join Level farming below:

From here navigate to your chosen way to farm XP and partner points, earning multiple airdrops simultaneously. If you want to speculate with XP and earn Symbiotic points (EigenLayer’s competitor) you get a 48x XP multiplier for levelUSD and 1x for Symbiotic by picking the 1st LP option from Pendle from that list, maturing by May 2025.


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