The main concern and only variable we can't control about looping PT is the borrowing rate. I don't think it's a concern this time.
December was very different: funding went nuts, there were less funds/protocols arbing the funding, Aave just launched sUSDe collateral, Euler/Morpho were not at their current TVL.
I may be wrong, but I think PTs >13% are really a steal. This should continue as long as ENA pumps because it's driving YTs implied yield up.
Loop at your own risk.
@brisket131 I wanted to check what % is Usual's USD0++ market but their UI is awful and fucking slow so I couldn't. But it may be right that it feels lacking liquidity because it is very fragmented.
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