PSA for @saturn_credit loopers:
🔹 PT-USDat implied APY: 8.25%
🔹 $USDT borrow rate on Lista: 3.54%
🔹 Max LLTV: 91.5%
You know what it means 😉
The spread is screaming. 8.25% yield vs 3.54% borrow cost = nearly 5% net APY before leverage. At 91.5% max LLTV, you're looking at 10x+ looping potential if you're aggressive.
This is a textbook PT arbitrage setup. Loop $USDT borrows into PT-USDat, farm the delta, unwind before maturity. Risk is liquidation if PT depegs or rates flip, but at these levels the math is chef's kiss.
If you're not looping this, you're leaving money on the table.
🔹 PT-USDat implied APY: 8.25%
🔹 $USDT borrow rate on Lista: 3.54%
🔹 Max LLTV: 91.5%
You know what it means 😉
The spread is screaming. 8.25% yield vs 3.54% borrow cost = nearly 5% net APY before leverage. At 91.5% max LLTV, you're looking at 10x+ looping potential if you're aggressive.
This is a textbook PT arbitrage setup. Loop $USDT borrows into PT-USDat, farm the delta, unwind before maturity. Risk is liquidation if PT depegs or rates flip, but at these levels the math is chef's kiss.
If you're not looping this, you're leaving money on the table.
