@neymarjr11
Because USDe is depegged, you can actually double dip by starting with USDC.
Example:
1) Purchase 8,820 sUSDe with 10,000 USDC
2) Unstake 8,820 USDe for 10,077 USDe (+0.077%)
3) Purchase 8,859.35 sUSDe with 10,077 USDe
4) Unstake the 8,859.35 sUSDe for 10,121 USDe
5) Repeat from Step 3
etc.
This gives you a 33bps bonus overall if there is a repeg.
But this also relies on there being significant institutional USDe peg arbitragers.
0 reply
0 recast
0 reaction