Earn 24.91% APY using @GammaSwapLabs & @Dolomite_io with pseudo delta neutral exposure to USDC
Example using $10,000 in USDC
1️⃣ Deposit $6k of USDC into Dolomite and borrow 1.55 ETH ($4,000) at 67% LTV
2️⃣ Deposit the borrowed ETH and an additional $4k of USDC into ETH/USDC pool on Arbitrum
3️⃣ Earn 24.9% in net APY with only 3% drawdown if $ETH goes up or down 50%
Risks:
❌ Liquidation risk in Dolomite at 86% LTV (implied liq price of $3,322 on ETH)
❌ Part of the yield is in esGS which has vesting of 30 days
Pool available here :
Spreadsheet with all the math available here:
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