Thanks @RTP2016 and @william
As you stated APR depends on the time we look into, sometimes Aave offers better rates sometime is C.R.E.A.M. For instance, in this moment they are very close (Aave 10.05% and C.R.E.A.M 9,98%)
To expand my initial statement, C.R.E.A.M shows in general a good APR which aligns to other lending platforms, adding to IdleUSDT has several pros:
- Helps the underlying lending protocols to reduce the pools stress. With re-allocation Idle helps to keep borrowing rates low and level the rates across the various platforms (Ecosystem Incentive)
- In the case one of the underlying protocols offers a low APR, Idle can try to offer to its own user still good yield switching on their behalf the allocation (Users Incentive)
- Barely diversification (Users Risks)
Regarding the security model, I would say that the Cream wrapper aligns with the Best Yield risks and probably will match even better the riskiest Tranche when it will be available.
C.R.E.A.M. has also a bounty with ImmuneFi offering 1.5M max in case of high severity issues
Considered that, Idle is doing a great job in terms of allocation strategy based on risk, so could be evaluated to apply some risk based allocation and do not go fully only to maximise the APR. Anyway, Best Yield in this moment represent the best fit for this kind of allocation.
Honestly I would like to see an Idle which is more agile, this choice represents a two-way door. You can always disable in the case it won’t give the desidered results. The success criteria can be increase in the TVL and yield generated for the users.