DeFi Information Gap: Over 50% APR for $WAL Single Coin Staking!

I saw this morning that the sCoin mining yield of the Nemo protocol was pretty good, but because the TVL was low and the background wasn't clear enough, I didn't dare to mine.

However, it has the support of Scallop, so I found that the deposit APY for USDC on Scallop reached 13.35%. But this might be due to the Anan Launchpool, so I didn't deposit for now, planning to observe it again tomorrow.

But that's not the point; what really surprised me was that the APY for WAL deposits actually reached 65%!

Then, I checked on NAVI and Suilend and found that the deposit APR for WAL also exceeded 50%.

While shocked by such a high APR, I also felt that this arbitrage opportunity might not be fully captured on-chain.

So, I tried another approach by borrowing coins through exchanges, but unfortunately, I found that exchanges do not support it!

At this moment, I thought of operating through short selling/spot hedging. After calculating, the short selling rate was 0.0012% per hour, and after letting AI calculate, it came out to an APR of about 10.512%.

This way, at least I can capture 50% - 10% ≈ 40% APR.

However, I am a novice in contracts and am not sure if the rate calculated by AI is accurate; I am currently testing with small funds!