Epic news for Solana DeFi > Borrow using xStocks as collateral > PUMP is now Live > 36% APY on BTC > 16%, 12% and 11% APY on Stablecoins This and 4 more strategies 🧵👇
You can now provide xStocks as collateral to borrow stablecoins > Supply xStocks > Borrow USDC, USDG Right now the borrow rates are very low, so you could use those stables and lend on the Adrena Market for 15% APY
You can LP Bitcoin and stablecoins to get 36% APY USDG incentives are pushing the APY high, and should remain in place for some time There's obviously impermanent loss risk so be careful
Stablecoin Yields > 15% APY on the Adrena Market > 10.56% and 10.23% APY on the Fartcoin Market > 21% APY on the FDUSD-USDC LP
I am making money with my stables through shorting the euro last week. > Lend USDS > Borrow EURC > Repeat a few times I borrowed EURC because I thought that the Euro had topped against the Dollar and so far its been correct - APY was at 8% till 2 days ago so I made money from yield AND the bounce of the dollar
If you are a trader then check out Kamino's Leverage page > Collateral provided generates yield > Auto-Deleveraging > You pay a fraction of the cost of traditional perp DEXes It is way more efficient to trade here than on most perp DEXes
If you're not a leverage trader but want to set bids for while you're asleep or AFK use the Limit Order feature from the Swap Page In volatile times like this, putting stink bids can make you a LOT of money so try it out.
I hope you've found this thread helpful. Follow me @0xGumshoe for more. Like/Repost the quote below if you can:
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Epic news for Solana DeFi > Borrow using xStocks as collateral > PUMP is now Live > 36% APY on BTC > 16%, 12% and 11% APY on Stablecoins This and 4 more strategies 🧵👇
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