42% APR from shorting a yield bearing RWA stablecoin?

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Yeah you read that right...

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By doing 10 loops in @0xCoinshift csUSDC/wUSDL Vault on @MorphoLabs you can get APR as high as

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• 42.10% APR (with Points)

• 21.51% APR (without Points)

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(These are based on the 1 month average yield, with the current yield this loop is over 60% APR 👀)

The interesting thing with this strategy is that you are actually shorting a yield-bearing RWA stablecoin because the yield earned on csUSDC is higher than yield accrued by wUSDL

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Let me walk you through the details... 👇

#RWA