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.