Frax Finance ¤⛓️¤ (@fraxfinance): 2/ By depositing sfrxUSD and borrowing scUSD, you benefit from the low borrow rates due to the $3M scUSD already supplied. This gets lucrative when yo…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
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2/ By depositing sfrxUSD and borrowing scUSD, you benefit from the low borrow rates due to the $3M scUSD already supplied. This gets lucrative when you loop. Don't just take our word for it, hear it from the Silo Intern themself👇 Quote [@SiloIntern](https://www.twitter.com/SiloIntern/status/1915734169264808083) > 𝐓𝐄𝐋𝐄𝐆𝐑𝐀𝐌 𝐇𝐄𝐀𝐑𝐃 𝐈𝐓 𝐅𝐈𝐑𝐒𝐓 > > It's come to my attention that the UNANNOUNCED sfrxUSD/scUSD silo is already bootstrapped with $3m $scUSD. > > At max leverage, this is 47.5% APY stablecoin loop. > > Even with 3% borrow APR, this is STILL 20.5% APR on stables 👀👀👀 https://t.co/ByKswvGpyB