Eugene The Dream @[email protected]

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!

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

For similar lending projects (even without utility for the token), the ratio of TVL to the circulating market cap of the gov token is 0.185. See AAVE, Compound, Venus, Justlend, Benqi, Maple.

With 15M BRRR rewards in the first month and $140M current TVL, the potential $BRRR price gets around $1.72 per token.

We can now compute the farming reward in BRRR per $1000 of folded value per asset (borrowed and resupplied back into collateral) and subtract the APY paid

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

Read more about Events API: https://thewiki.near.page/events-api

And an example app that tracks NFT mints: https://nft.near.stream/

We've created a telegram group for near.social community.

https://t.me/near_social

Use local timeline to see all posts on near social: https://near.social/web/timelines/public/local

thewiki is the first NEAR app to use NEAR Social API: https://thewiki.near.page/

The first API endpoint based on near.social data is live at https://api.near.social/account/mob.near

You can call it for any account that is registered here and get the profile info, pictures and the social graph

Actually you may be able to get 26.4% APR by staking to MetaPool and depositing full stNEAR amount to OIN finance. According to their UI you get 15.16% APR in META.

cc @cacossio

#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

So it maybe one of the best way get into the risk on positions.
But it does have some caveats: like interests paid on the collateral and borrowed assets may be different, so your staked rewards will be canceled by NEAR interests.

It means you'd be able to put USD* as a collateral and burrow NEAR. Then you can stake that NEAR and earn about 11% APR on it. If the price goes up, you will be liquidated and maybe going to pay 1-2% in discount on the way (which is like a fee when you buy), but if NEAR price goes down, you are not going to be liquidated, so you can increase your position more, because your collateral in USD* still keeps your value.

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