Stablecoin season is in full effect on Kamino Over 70% of all swaps in the last 24 hours were trades between stable-stable pairs This trend likely reflects a mix of market factors and users capitalising on the numerous stablecoin arbitrage loops currently available on Kamino⤵️
Looking at the top 5 tokens swapped over the past 7 days and their respective APYs, it's easy to see why arbitrage opportunities are so attractive right now Notably, the PYUSD Growth program maintains an attractively low borrow APY of 2.5% by boosting Lend Vault incentives, and elevating supply rates High stablecoin LTVs allow for manual looping up to 8.3x, fuelling swap volume
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