Great stablecoin looping math by Slapjakke.
I would love to see more Pendle LPs on that chart.
Wen liquidity?
@SteakhouseFi @MEVCapital @gauntlet_xyz
TRIPLE DIGIT STABLECOIN APYS ARE BACK
Pumping markets leads to some insane APYs if you still have stables to farm with
E.g. The price of $ENA has gone up 50% leads to insane APYs for sUSDe and eUSDe looping through @pendle_fi PTs or LPs
Most interesting looping yields on @SiloFinance rn:
PT-eUSDe = 77% APY
LP-eUSDe = 101% APY (incl Points)
LP-sUSDe = 130% APY (incl Points)
PT-sUSDe = 84% APY
savUSD = 95% APY (+ unknown points value)
Note: Leverage looping has liquidation risk, so make sure you understand the risks involved, and always leave a little wiggle room in case there's a depeg or if the yield rises even more (PTs goes down in price temporarily)
Also be aware of the borrowable liquidity if you plan to enter with size
Farming LP-eUSDe and savUSD myself but considering adding LP-sUSDe as well
Leverage farming Pendle LPs absolutely changed the game 👀
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