whales are loving the AUTO/wYLDS loop.
(another $7M in loop capacity just opened btw)
the only RWA loop on @kamino where you're in profit from day 1.
and it's not just on paper like other loops.
you can actually close the position a few hours later and withdraw more than you deposited, whatever your size.
how?
AUTO/wYLDS positions are opened using the mint/redeem program from @HastraFi, which means:
> no price impact
> no extra fees
and on top of that, the loop is currently earning ~20% APY with a fixed borrow cost.
(it uses the new @kamino fixed rates primitive, where your borrow APY stays locked at 6% for at least 1 month)
intern's favorite loop, by far.
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