oriBGT/wBERA borrow on @eulerfinance is currently 771% APY
my guess is that someone aped into the @origami_fi oriBGT Bopping vault without understanding how it works
@mirionics @eulerfinance @origami_fi im comfy
nice to way bet on iBGT premium going up and farm a shit ton of yield+points:
Bake BREAD on @BakerDAO420 and open a loan, ape oriBGT (compounded iBGT), then lend that oriBGT on Euler
this way you get:
1) exposure to BREAD up only (35% APR)
2) exposure to oriBGT (compounded iBGT which has 80% APR, so APY from compounding
3) @eulerfinance oroBGT lending APR (117% APR)
4) @InfraredFinance points
5) @origami_fi points
6) stBGT rewards (thoon)
with no IL risk, or scary exposure to fluctuating borrow rates (its fixed on BakerDAO)
its literally that easy
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