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Optimizing Base Token Deposits in the USDY Pool with Better Conversion Routes

When depositing a base token into a Base pool, such as the USDY base pool, the process involves converting part of the deposited asset into the USDY Yield token. The specific method of conversion raises questions: does it purchase the Yield token directly, or does it acquire USDY and deposit it into the Yield pool? If the latter is true, and the process is designed to have zero impact, then the primary concern for lower liquidity would be the conversion from USDC to USDY. To improve this, integrating a smart routing solution like Skip could allow the user to receive a more efficient conversion route than a direct swap on Pryzm.
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AI Analysis

Understanding the Deposit Process into the USDY PoolThe process involves depositing a base token such as USDC into a Base pool like the USDY pool. During this process, a portion of the USDC is convert...

AI Recommendation

Implementing Improved Conversion StrategiesIt is advisable to consider integrating an advanced routing solution like Skip into the conversion process. This will allow users to benefit from multiple sw...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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