Ethena PT looping on Aave remains one of the best, if not the best r/r in DeFi
Fight me.
Extremely rare to have a good experience looping with size on any platform but Aave
Feel like the curators / lenders will target borrowers by consistently keeping things above the kink
Most recently after we 7x looped on Morpho on Hyperliquid they literally just changed the underlying curve
Also getting out ends up having tons of fees and long waits (instant deposit but multi-day exit, need to swap to a different asset on withdrawal so face slippage and swap fees, etc.)
This is why I'm bullish on fixed-rate lending and PT/YT-like solutions where everything is locked in at the time of making the position
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