The yield on gUSDT0 just keeps increasing @GammaSwapLabs

If you think what just happened today was an insane liquidation cascade and that the price of $ETH will eventually mean revert, then it is a great time to enter the gUSDT token on Arbitrum @GammaSwapLabs
As the price approaches the end of the range, there is drawdown but it is only realized on a rebalance (when price goes out of range). If price mean reverts, then that drawdown is never realized and in fact it is your gain - you enter at a discount.
If $ETH price mean reverts from the current price ($3,843) to the Mid Point price of the range ($4,343) you will be up immediately 1% (1.006/1.014) while earning 150%+ in fee APY during that time. If it mean reverts to $4,343 in a week, that's a over 200% annualized return (1% each week + 150% in fee APY)
Note the underlying pool that this deposits into is 10M so there is significant room before the yield is compressed. Obviously, 150%+ APY won't last forever either and is due to current market conditions but it is a massive advantage if you time it right with the current discount!


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