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Stephen | DeFi Dojo
@phtevenstrong
"The Calculator Guy" Founder of DeFi Dojo Co-Founder of @mezzanine_fi Wildly Christian | Father of Four
Joined July 2011
1.7K Following    117.3K Followers
Travis is my new favorite Solana yield farming account. 15.49% IY is great for @onrefinance's ONyc, but there are only 29 days left. That said, if you're interested, here's the rough math: on @kamino: 15.49% Collateral Yield 2.5x Max Leverage 7.41% Borrow Cost 2.5*15.49%-1.5*7.41% = 27.61% Net APY for the next 29 days Closing costs aside, that's about a 2% ROI. What's also fairly interesting is there seems to be a fixed rate borrowing market for PT-ONyc on @Loopscale. Looks like ~110K USDC to borrow for 1-week fixed term at about 9.5%. While I'm not entirely sure how easy it is to roll these fixed rate loans, that would currently net 29% fixed on the strategy. Remember: both the collateral and debt rates are fixed, so the only real variable costs are entry, exit, and fees. FINAL NOTE, as I've said many times before, solana:5Y8NV33Vv7WbnLfq3zBcKSdYPrk7g2KoiQoe7M2tcxp5 IS NOT a stablecoin. It's an RWA that's backed by reinsurance directly. I.E., both reinsurance yield and losses are wrapped into this asset. Please do not think about it like a stablecoin. Research and understand typical reinsurance drawdowns BEFORE depositing.
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