Jaydee
@cryptodongge.eth
Farming at Sui Protocol: Suilend Link: https://suilend.fi Rewards: APY + points with 0% borrow fee Farmers are incentivised to borrow certain assets. Pay interest on loan assets, and get Sui tokens as incentive. Ideal if you are bullish on Sui. #Sui #Suilend
1 reply
0 recast
0 reaction
Jaydee
@cryptodongge.eth
Maximize your yield by supplying your borrowed asset into other protocols such as Navi or AlphaLend, or form LP in Momentum for APY and potential airdrop.
1 reply
0 recast
0 reaction
Jaydee
@cryptodongge.eth
Alternatively, bridge the borrowed asset (i.e. suiETH or wSOL) back to mainnet and look for better Defi opportunities to cover the borrow cost.
1 reply
0 recast
0 reaction
Jaydee
@cryptodongge.eth
As always, make sure to monitor your position so as not to get liquidated in the event of market volatility or if borrow rate go rocket high that eats into your yield.
0 reply
0 recast
0 reaction
