24% APR (real yield) for lending $USK on Kujira GHOST.
Literally free money for minting and lending, with no $USK price risk.
Here's how. pic.twitter.com/yOyI4zAMVk
— Harry (@CryptoHarry_) May 26, 2023
24% APR (real yield) for lending $USK on Kujira GHOST. Literally free money for minting and lending, with no $USK price risk. Here’s how.
Go to blue.kujira.app/mint and mint $USK. Available collaterals include: – $stATOM – $ETH – $ARB – $stOSMO – $BNB – $LUNA – $PAXG – $ATOM – $DOT Minting has a 0.1% initial minting fee and an annual interest rate of 1%.
Now take whatever you’ve minted and lend it on ghost.kujira.app/lend. Here’s an example: Take $10,000 of $stATOM, mint $4,000 of $USK on BLUE. Liquidation for this position would occur after a 33% drop in $ATOM‘s price. Lend the $4,000 $USK on GHOST.
Costs: – $4 $USK minting fee.
– $40 $USK interest per year.
Revenue:– $960 of $USK.
Profit/Loss: – $916 $USK.
On top of this, you also receive your liquid staking yield from $stATOM, which is created through @stride_zone
