@HundredFinance on @optimismPBC paying 35%+ on $USDC 👀
Here's a couple of ways to take advantage of it 👇
Here's a couple of ways to take advantage of it 👇
Idea 1:
1. Bridge $USDC to @optimismPBC using @SynapseProtocol
2. Supply $USDC to @HundredFinance
3. Stake the hUSDC tokens that you received for 35% APR
Pretty straightforward.
Note that you get paid in $HND tokens.
1. Bridge $USDC to @optimismPBC using @SynapseProtocol
2. Supply $USDC to @HundredFinance
3. Stake the hUSDC tokens that you received for 35% APR
Pretty straightforward.
Note that you get paid in $HND tokens.
Idea 2: Have some spare $ETH or $BTC lying around?
1. Supply $ETH or $BTC as collateral
2. Borrow $USDC @ 1.61%
3. Supply & Stake $USDC @ 35% APY
If you borrow 50% of your collateral value, you are earning ~17% APY on $BTC or $ETH.
1. Supply $ETH or $BTC as collateral
2. Borrow $USDC @ 1.61%
3. Supply & Stake $USDC @ 35% APY
If you borrow 50% of your collateral value, you are earning ~17% APY on $BTC or $ETH.
Tip 1: Borrow $DAI or $USDT @ 0% instead of $USDC
Tip 2: If you own $HND, you can get boosted APR of up to 87% on $USDC
Tip 2: If you own $HND, you can get boosted APR of up to 87% on $USDC
As a sidenote, I'm very impressed with the experience on @optimismPBC.
Super fast transactions and the fees are pretty low.
$ETH is used for tx fees so no need to find faucets or ask around for gas money.
Super fast transactions and the fees are pretty low.
$ETH is used for tx fees so no need to find faucets or ask around for gas money.
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