Every time I saw these strategies post then I have to remind them
APY is not APR.
Still a great yield farming strategy tho
Today random drop of 30%+ APR strategy on your stables using only the most trusted d'apps in this space: AAVE, Pendle and Ethena.
- You have $100k in USDe.
- Go to Pendle and swap this USDe into PT USDe for Sept (16.5%)
- Deposit those PT USDe into AAVE and borrow USDe (7.6%)
- Loop it - borrowed USDe swap again into PT and then deposit it to AAVE and borrow USDe again.
- Loop it until you have 350k USDe swapped into PT
1. You swapped in total 350k USDe into $352.532 PT USDe, earning $2.532k in 18 days (expiry on 25th of Sept).
2. You borrowed $250k in USDe with 7.6% borrow rate, meaning you will pay $936 for repaying it.
3. You health ratio is ~71%
It means you earned $2532-$936= $1596 in 18 days, giving us annualized earnings at $32.3k.
This is one of many ways you can earn above 30% APR on your stables without much risk.
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