So as I promised I will describe few strategies utilizing @QiDaoProtocol. There are 4 ways to leverage your stables up to 150% APY as for now.
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1/ The first option is to leverage your stables with @iearnfinance on #Fantom. It is the same mechanic as a famous #degenbox on #abracadabramoney.
2/ Once you deposited $DAI on @iearnfinance, you should have $yvDAI in the wallet. This is called a yield bearing token: it's a token that doesn't have any value, but represents your share of a pool where your assets are earning yields and rewards are automatically compounded.
3/ With $yvDAI go to @QiDaoProtocol and create Yearn DAI Vault. You can borrow interest free #MAI with 110% CDR 
4/ Now let's do some math. Yearn is offering 25% on #DAI and let's keep 115% CDR to be on a safe side.
5/ So, 150% APY after 10 loops on stables with minimum risk of liquidation isn't bad, yeah? But let's talk about the cons:
6/ First of all you will require to make the loops manually, where you have to deposit $DAI, get $yvDAI, borrow $MAI, swap $MAI for $DAI and repeat every time.
7/ Another thing is that 25% APY on Yearn is not stable, but even at 10% APY you'll get 60% after 10 loops. Still very decent.
8/ If you want to repay your debt on @QiDaoProtocol you have to unloop the whole thing or to close the debt with money from the other source. There is no way to repay the debt with your collateral.
9/ And as everywhere there are risks associated with smart contracts, etc. So as I always say you have to allocate only as much as you can afford to lose.
10/ $yvDAI is not the only option to leverage your stables on @QiDaoProtocol. You can leverage your @beefyfinance position.
11/ But as for now CDR is 135% and APY on Beefy is 13%, so it is less attractive way to leverage your stables, but still you can get almost 50% APY in 10 loops.
12/ The process to leverage is the same except you need to deposit your $DAI to @beefyfinance to the @Screamdotsh farm, after that you get mooScreamDai receipt token against which you can borrow $MAI.
13/ And the most difficult part is to get $MAI available to borrow. All the available liquidity get snipped very fast, but you can follow @QiDaoProtocol as they are announcing debt ceiling increase beforehand.
https://twitter.com/QiDaoProtocol/status/1484652552318824450?s=20
14/ Above 2 options were on $Fantom, now let's see what do we have on #Polygon.
15/ I won't describe everything in details, you must have got the point by now. You can leverage your @StakeDAOHQ and @AaveAave tokens. Approximate APY after 10 loops is 37% and 24% rescpectively.
16/ I expect that CDR for all stable coin vaults will be lowered to 110% so you'll be able to borrow more and increase APY.
17/ In this thread I've described just a little part of endless strategies wich you can execute with @QiDaoProtocol. In the future I'll explain how to get paid to borrow and leverage your crypto assets which is very beneficial during bull market.
18/ If you find this thread useful please share it to help the community around. Thank you for your attention.
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