Let's talk about Burrow BRRR farming. #alpha
I've computed maximum fold amounts:
For DAI/USDT/USDC you can fold your value more than 10 times. Means you deposit 10$ and can borrow 90$ with 100$ collateral, while your health factor is still above 100%
For ETH/BTC/NEAR -> 2.29X
For STNEAR -> 1.96
To estimate APR we need to know the BRRR price, since it's not liquid we can only speculate.
See below
The rewards per 1000$ are the following (at the time of the post):
Now we can multiply BRRR by estimated price and divide by 1000$ to get farming APY and then add supply APY and subtract borrow APY.
DAI -> 3.99 BRRR -> 250% APY
USDT -> 3.65 -> 228% APY
USDC -> 3.31 -> 208% APY
WBTC -> 8.33 -> 523% APY
NEAR -> 7.96 -> 501% APY
STNEAR -> 9.11 -> 574% APY
ETH -> 7.76 -> 487% APY
The only thing left to fold it a few times
@mob wen BOT
Every asset can be folded multiple times based on the collateral factor. Every fold just multiplies your APY.
So the maximum farming APY after folding are:
DAI -> 2,565% APY
USDT -> 2,346% APY
USDC -> 2,134% APY
WBTC -> 1,196% APY
NEAR -> 1,146% APY
STNEAR -> 1,125% APY
ETH -> 1,114% APY
Happy farming!