Why to earn less? Here is a little thread with the correct strategy:
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https://twitter.com/milesdeutscher/status/1485972716440403970?s=20
1/ Stake $wFTM at @iearnfinance for 70% APY, go to @QiDaoProtocol, deposit $yvwFTM to the vault and borrow $MAI for 0% interest (0.5% repayment fee applies)
2/ At the moment you are getting paid 1% in $Qi for borrowing #MAI stablecoin. Let's assume you have deposited 1000$ worth $wFTM and borrowing at safe CDR of 150%, so you can borrow 666 $MAI for the first loop.
3/ So after 10 loops you are getting 207% APY on your $wFTM at relatively safe CDR and additional 2% APR in $QI. And you are getting it interest free unlike Abracadabra charges 2% interest + upfront borrow fee 0.5%
4/ But would I start this thread just because of few % difference? You would call me fraud for that. Instead I will bring the real value.
5/ How to get ~260% APY on your #FTM? Here we go:
6/ Deposit $FTM to @beefyfinance $FTM Scream vault for 31% APY, get $mooscreamFTM receipt token and deposit it on @QiDaoProtocol as a collateral.
7/ Borrow $MAI against and get paid 88% APR. Swap $MAI for $FTM and repeat. After 10 loops at 150% CDR you will be getting 92% in FTM + 164% in $Qi.
8/ Thank you and kindly note that all APR above is a subject to change.
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