# yield strategies

mUSD doesn't just function within mirage protocol. they can be utilized across the Move ecosystem in a variety of strategies.

let's walk through a few simple strategies that can take advantage of mUSD to earn more yield. keep in mind listed APRs are subject to frequent change:

**boosted USDC yield with** [**Aries Market**](https://app.ariesmarkets.xyz/)**:**

* deposit collateral on mirage (USDC, APT) → mint mUSD → swap mUSD to USDC → deposit USDC on Aries Market and earn extra yield (currently **3.77% APR + 15.40% APT incentive**)
* this strategy yields one of the highest stablecoin APRs across all of web3

**liquid-staked Aptos and airdrop strategy on** [**Amnis Finance**](https://amnis.finance/)**:**

* deposit collateral → mint mUSD → swap mUSD to APT → deposit APT on Amnis Finance and earn yield on liquid staked APT (**11.12% APR + points for $AMI token airdrop**)
* we are working closely with Amnis to accept their liquid-staked APT as collateral.

**leveraged stablecoin strategy with** [**Thala Labs**](https://www.thalalabs.xyz/)**:**

* an mUSD loan can be swapped into Thala’s ecosystem and deposited into a variety of pools earning between **20–140% APR** depending on the pool and risk appetite
* we are working with Thala to accept their MOD stablecoin, THL governance token, and liquid-staked APT as collateral

**leveraged perps strategy using** [**Merkle Trade**](https://merkle.trade/)**:**

* deposit collateral → mint mUSD → swap mUSD to USDC → deposit USDC on Merkle Trade for their LP token (**50% APR + LP incentives/MKL token**)
* this leveraged perps play allows you to collect fees from two different perps DEXs

by strategically depositing collateral and ‘looping’ deposits to mint additional mUSD, even more complex leveraged and hedging strategies can be deployed. debt from an mUSD “loan” will passively pay itself down while these strategies are deployed, boosting the listed APRs higher.

{% hint style="info" %}
increasing leverage increases risk of liquidation. make sure to tailor yield strategies according to your particular risk appetite.
{% endhint %}


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