@AaveAave is incentivizing $ONE collateral with a 20% bonus.
CHOICE! ... right?
Here's the thing, m8s. It IS CHOICE, compared to any kind of $ONE yield on @tranquil_fi collateral or borrow.
And, you who offer me the @AaveAave-alternative do do that comparison.
It's a no-brainer, right? Nothing or negative percent on @tranquil_fi to 20+% on @AaveAave supply-side. And you can loop it to get ~26%.
NOICE! ... right?
(you are about to get hammered by me. *spoiler*)
There's a couple of snags on the @AaveAave-side, or on any side that entails borrowing to leverage.
- AAVE's borrow-side is trash: you pay ~6% for the privilege of taking a loan.
- There is a chance, if you're inattentive, that your collateral can get liquidated.
"Butbutbut doesn't @tranquil_fi have the exact same problems, geophf? TOUCHÉ, BISH!" 😤
Yes. Leveraged yield farming has the same problems.
But that's why I'm not going to do leveraged $ONE yield farming on @tranquil_fi.
I have something better.
Much, MUCH better.
What is the arb right now for $ONE -> $stONE? The annualized return? Anyone wanna hazard a guess?
162.338 $ONE -> 159.593 $stONE -> 1.0259 multiplier on 7-day burn -> 163.7264587 $ONE
44.60% annualized gain
What was your LEVERAGED, that is: AT-RISK, yield on @AaveAave again?
These arbs aren't fly-by-night. These $ONE -> $stONE arbs are a regular thing.
Do one of these arbs a day, and after 7 days, you've funded your own 'infinite $ONE well,' yielding EXACTLY (NOT ESTIMATED) between 20% to 200% annually per arb.
So: go. Go to @AaveAave. Their ghost-icon is cute 👻 and @AaveAave is so aave-ish. #borin 🙄
Me: I'm gonna stay over here on @tranquil_fi. I'd rather yield at least 2x what you're yielding on @AaveAave, without even having to monitor leverage.
Good night, fam. God bless you.
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