@cpdd
syrupUSDT by maplefinance finally went live yesterday on aave as a collateral, up to 90% LTV. The $50M cap filled already.
+ syrupUSDT native yield is currently earning 5.2% APY
+ In e-mode, USDT can be borrowed at 3.94% APY.*
+ Assuming max looping, 5.2%*10 - 3.94%*9.
~16.5% max APY
Keeping an eye out for when Aave raises caps!
*This 3.94% is the net borrowing APY thanks to an AaveChan initiative via merkl_xyz, specifically for collateralized syrupUSDT borrowers.
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