Okay, I've
- BRIDGED $1000 worth of $AVAX to Avalanche from Coinbase, and, following my plan,
- SWAPPED that to $sAVAX on @traderjoe_xyz (which has the best swap rate today)
- to SUPPLY @BenqiFinance.
Money Market and x-token pop-quiz:
- Which do I BORROW: $AVAX or $sAVAX?
- Which BORROW gives me more value?
The Borrow rate and payout information per token:
- $AVAX rate 7.49%, payouts: $AVAX 0.67%, $QI 0.42%
- $sAVAX rate 2.95%, payouts: $AVAX 0.00%, $QI: 0.00%
Amplifying information:
$sAVAX has a projected (intrinsic) growth rate of 7.2% APY. That is to say, after one year, 1 $sAVAX will still be 1 $sAVAX, but the underlying worth will be 7.2% more $AVAX in one year.
That information may ... 'help.' 😈
FUN!
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