With current incentives on Coinbase Stocks Spoke on
@base on
@aave v4, a levered stock strategy can earn ~5-6% on top of stock exposure.
Deposit a stock (AAPLc, NVDAc, METAc, GOOGLc, TSLAc, AMZNc, MSFTc), earn 3% supply APY, borrow USDC at 1.85%. Loop back into more stock. At ~3x leverage with HF 1.24, you can net ~5.4% yield on original capital while keeping ~3x long stock exposure.
At $ 30-60M TVL, the incentive budget lasts 6-11 months.
@ethena already runs ~$17M in equity basis trades on Binance at 6.9% blended APY. Adding Aave’s 3% incentive on top of a similar setup could push NVDA-type positions into double-digit territory.