2 天前
What’s stopping you from collateralizing your gold holdings and looping a yield-bearing stable against them?
4 天前
A BOLD Gold strategy🌟 My peak degen days are long gone, but here is something I'm doing rn. 1. Borrow on @0xfluid Supply XAUT/PAXG into the smart collateral market and borrow USDC. You have a positive APY rn. 2. Get ysyBOLD from @yearnfi Dump that nasty USDC for BOLD via @DefiLlama swap. Take BOLD and mint yBOLD on Yearn, then stake to make it yield-bearing and auto-compounding. APY is 6-8% with spikes into double digits. 3. Borrow on @asymmetryfin Deposit ysyBOLD, borrow USDaf, LTV can be high. Set rate via managed delegation (1.7% interest). 4. Loop it Sell USDaf for BOLD, repeat steps 2 & 3. Keep doing until desired leverage (this will 'soon' be automated). On top of the yield fully paid in BOLD, you are also leveraged farming the fork airdrops. Maybe @phtevenstrong can calculate the exact APY, but must be pretty good, idk.
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