#alpha DAI deposit APY (12%) on Burrow is 5% higher than USDC borrow APY (7%).
REF finance offers stable swap for DAI->USDC.
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
#alpha If you are looking to get an APR on your NEAR without exposing much to other tokens, there are 3 options:
1) Simple staking delegation, earning about 11.5% (compounded)
2) Staking to aurora pool, earning 16.9% (linearly)
3) Staking to metapool and farming stNEAR/wNEAR at 16.25% (mixed)
4) Stake to metapool, deposit STNEAR to Burrow, borrow NEAR, repeat. ~14.66% after 2 loops
Burrow #alpha
Once burrow is live on NEAR mainnet, it will allow an interesting pattern of investing.
Burrow liquidations minimize the discount a user pays through the game theory of getting it first by competing liquidators. Read more here: https://github.com/NearDeFi/burrowland#liquidations
Details below
