Leverage staking @CurveFinance LP on @ConvexFinance, possible only on Gearbox
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How to achieve 220% DeFi returns with low risk?
By doing USDf LP loop lending on @GearboxProtocol. Returns = @FalconStable miles points + loop lending returns.
Points can go up to 9x leverage × 40 miles = 360× miles
With a principal of 10,000 U, 8.8× leverage, LP collateral → borrow USDC → loop, for about 40 days, LP net return is 540 U.
Return estimation: Falcon points ≈ 198% APR (based on Pendle YT market price)
LP net return, excluding wear and tear ≈ 25% APR
Overall ≈ 220% APR
There are two Falcon LPs to choose from: USDC/USDf or fraxUSD/USDf. The former has lower returns and higher wear and tear. The latter is the opposite.
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