I’m farming Lombard Lux and Katana KAT pretty heavily.
All my LBTC is locked in Aave on mainnet, farming 3x Lux ✅
I’ve borrowed 80% of that in WBTC and bridged it to Katana to deposit it in Morpho.
With the Morpho deposit I’m borrowing USDC but buying more WBTC with it and looping. The borrow rate and Morpho rewards cancel eachother out, so I’m farming KAT for free ✅
After the looping, the leftover USDC I bought more LBTC & WBTC and LP’d them on Sushiswap. This pool has no KAT reward but pretty good Sushi rewards ✅
Should you follow? Nope. There is an element of leverage in this setup so that if Bitcoin goes down there’s a lot of management that needs to happen. If it goes up, well then it’s a pretty clean cook.
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