Have you heard about ‘current’ on $SUI network ?
I’ve just readed it gives up to 14% apr on haSUI, which is already profit-bearing LST itself. Do you know what that means ? Bcz that’s just amazing
Lemme explain it to you, haSUI is basically a receipt token you receive when you stake your sui tokens on Haedal; and the value is that it lets you use the value of your tokens elsewhere while getting the staking rewards. But the ‘current’ protocol found another way to max the yield out, lmao 🤣
It’s kinda an arbotrage strategy which profiting from tge difference between the interest haSUI gives you and the interest you pay when you borrow SUI. So, if the interest you pay for borrowing lower than the one you get from staking, it use our lst to borrow sui and stake it again in $HAEDAL , continuously depending on the multiple you set. And it’s actually able to give you till 14% , bro, 14% apr and it’s doesn’t include the one you’re already getting with haedal
It gives juicy yields, yes 😂, but DeFi ain’t without risk, so manage your risk. gonna add a screenshot in the first comment below
I’ve just readed it gives up to 14% apr on haSUI, which is already profit-bearing LST itself. Do you know what that means ? Bcz that’s just amazing
Lemme explain it to you, haSUI is basically a receipt token you receive when you stake your sui tokens on Haedal; and the value is that it lets you use the value of your tokens elsewhere while getting the staking rewards. But the ‘current’ protocol found another way to max the yield out, lmao 🤣
It’s kinda an arbotrage strategy which profiting from tge difference between the interest haSUI gives you and the interest you pay when you borrow SUI. So, if the interest you pay for borrowing lower than the one you get from staking, it use our lst to borrow sui and stake it again in $HAEDAL , continuously depending on the multiple you set. And it’s actually able to give you till 14% , bro, 14% apr and it’s doesn’t include the one you’re already getting with haedal
It gives juicy yields, yes 😂, but DeFi ain’t without risk, so manage your risk. gonna add a screenshot in the first comment below