one of the best risk-adjusted Solana DeFi plays that I'm doing personally:
- supply hSOL to Kamino (~8% yield on the SOL and MEV + txn fees!)
- borrow USDC (~6% rate)
- swap USDC to PYUSD
- supply PYUSD to Kamino Sentora (19% APY = 14% PYUSD incentives, 6% KMNO Season 4 rewards)
you're getting 13-14% on stables while getting KMNO points and earning yield on your SOL
sounds a bit too good to be true, but it is true
this is the beauty of capitalism, the stablecoin providers are throwing free money at you to gain market share
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