Best play on
@RobinhoodCrypto
Deposit your $PONS into the
@longbowlend lending protocol. Borrow USDG and use borrowed USDG to earn more yield anywhere on RH (or even outside of RH)
When ready go back to
@longbowlend and pay back your original USDG and get your $PONS returned to your wallet.
Because the entire RH eco is experiencing an inflow of capital at this time it’s “easier” to use that borrowed USDG to make more money before paying it back. But that can change if liquidity inflows dry up.
If everything goes well your $PONS may go up while loaned AND you’ll double dip by making more returns on the USDG.
As always dyor