Harvest is pleased to announce a significant enhancement to the WETH Automated Looping system. Utilizing this strategy on @base is now ~8x cheaper for our users.
You can access the updated tool directly through this link:
https://app.harvest.finance/base/0xE78285A51f51916F2311B7017Db036D8351F3Cf9
Because of this new upgrade from Harvest, the overall round-trip cost has been slashed from ~115 bps down to just ~15 bps. When factoring in the 30-day average rate, the expected time to cover these expenses drops dramatically from ~62 days to a mere ~8 days.
This efficient setup utilizes looped cbETH/WETH and is fully built on @aave.
You can access the updated tool directly through this link:
https://app.harvest.finance/base/0xE78285A51f51916F2311B7017Db036D8351F3Cf9
Because of this new upgrade from Harvest, the overall round-trip cost has been slashed from ~115 bps down to just ~15 bps. When factoring in the 30-day average rate, the expected time to cover these expenses drops dramatically from ~62 days to a mere ~8 days.
This efficient setup utilizes looped cbETH/WETH and is fully built on @aave.