1/3 of @berachain bribe volume now goes to BERA staking heres how you can use @BakerDAO420 to layer your yield with no liquidation risk: 1) bake BREAD with BERA 2) take a 99% LTV BERA loan 3) stake that BERA for yield 4) earn passive stBGT rewards (thoon) 5) BREAD collateral going up in value 6) just make sure to extend to close your loan before expiry maffs: Baking fee is 2.69% Bakerdao loan APR is 6.9% (this is annualized, so you pay 3.45% if you take a 6 month loan) if you start with 1,000 BERA and bake BREAD and take a 6 month loan, you end up with 1000 BERA's worth of BREAD exposure, and 941.3 BERA in your wallet all you need is a 12.4% APR to break even on your loan, without even counting the free collateral you can withdraw as BREAD goes up in value that means that if BERA staking APR + stBGT passive rewards for having a loan CUMULATIVELY are above 12.4%, you are in the green if you are bullish bera staking APR, then this is an easy bet (dyor tho). its one of the easiest and most stress-free ways to long berachain post PoL1.2
@berachain @BakerDAO420 oh, and this doesnt even mention the APR you cna get by staking the stBGT you earn layers upon layers
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