This is interesting.
On the Avalanche blockchain, on @BenqiFinance, there are several BORROW positions that are paying NET-POSITIVE $QI yields.
They are: $LINK.e, $USDC, $USDt, $WBTC.e, $WETH.e
Infinite $AVAX well
I am burning 1 $sAVAX to feed my infinite $AVAX well, BUT! lookie, here! I have 1 $AVAX to claim from said infinite well! Let's claim it and do the math. #EXCITE 🔥
This is the $AVAX-claim page where we claim the $AVAX from our infinite $AVAX well.
Okay. Claimed. Now, let's go to trade it to $sAVAX, looking for arbitrage.
BUT WAIT! and BEHOLD!
Our infinite $AVAX well tells me we have another claim coming in 1 hour. Let's hold off claiming this first one and claim both, saving a wee bit on transaction fees.
See y'all Avalancheans in an hour or so.
... (an hour or so later, after my calming walk).
Okay, NOW we collect the 2ish $AVAX from the infinite $AVAX well.
So, $sAVAX earns 7%, just sitting there, so our arb, or other vehicle must make more than that to be worth it.
SO! Let's explore these options, shall we?
Options
Restake
Well, what is this low-bar? Restake. What does that look like?
1. STAKE 2 $AVAX -> 1.97 $sAVAX on @BenqiFinance to earn 7.2%
The problem is we started from 2 $sAVAX, so we're going in the wrong direction with simply a restake.
Supply for $QI Yields
- On @traderjoe_xyz is the sAVAX-AVAX pool, 4%
- On @pangolindex is the AVAX-QI pool (NOT farm), because:
- On @BenqiFinance, you stake the AVAX-QI pool, 61%
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