RE: LeoThread 2025-01-04 20:27
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Looking at Revolut loans and the APY on some DeFi low IL pools...
Wondering if it wouldn't be a good idea to get a $10k loan to give these low IL pools some liquidity, some of them have higher than 80% APY on average, which means even with high interest rates I would still be getting around 70% APY for free 😅
And this opportunity I'm seeing is on pancakeswap on base, it's been around for long enough that I don't fear that much an hack happening
Only in Defi...
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After a more careful review (still doing my research), the APY is only that big if I put the range really tight, which means I would probably have to keep reseting the position every time the price between EURC and USDC changed more than 1%... which happens a lot :/
Fees are low on base, but still high enough to hurt long term, and I would basically have to babysit the position.
Maybe not a good option to use a loan for this...
Need to research other protocols like moonwell and velodrome.
Thorchain maybe.
Easy to do through ThorWallet. And you earn 5% fees if you use referral code 658211
(Direct link: https://app.thorwallet.org/referrals?code=658211)
sounds like a plan
I thought the same. I saw a trustworthy LP (and provider) showing 1100% APY.
Not sure if the math was right though.
It may have been affected by a big rise in the coin too