With Silo now on Arbitrum and an sUSDX-USDC market now live, there's more to do with stables on the Great Blue Chain.
You give: 1 $sUSDX
You get: 6.67 $sUSDX
...or at least 6.67x more yield than you should - here's 40%+ APY via the sUSDX-USDC silo.
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@SiloFinance @arbitrum_intern @Churro808 @StablesLabs 📊 The Numbers
Classic looperinoing means we simply:
1. Deposit sUSDX
2. Borrow USDC
3. Swap for sUSDX and repeat
Borrow costs are currently 0% so this undershoots actual yields... yet it's STILL 40% APY in cold hard stablecoin yields.
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