Recently, I have been putting idle money in @Worldcoin 's @Morpho Labs 🦋 mini-program to earn interest, achieving a risk-free #APY 25%+.
Specific Steps:
0. Register for World, no Orb verification required: https://worldcoin.org/join/VRDDMF0
1. Borrow 70% of the principal from Binance or CEX.$WLD (Interest -3.5%)
2. Deposit the borrowed $WLD into Morpho on the World App, borrow $USDC with WLD, and you can borrow 70% of the principal in USDC (annualized -31%, yes, you read that right, borrowing actually earns interest).
3. Lend the borrowed $USDC in Lend (annualized 15%).
4. Collect earnings every 8 hours in the Morpho mini-program.
Overall, achieving a principal effective utilization rate of 50% and an APY of 40%+, equivalent to a principal #APY of 20%+.
The only risk throughout the process is to pay attention to controlling the borrowing leverage when the price of #WLD fluctuates, but it is actually relatively easy to control.
From my own experience, I prefer to borrow #WLD using $BTC, as this makes managing borrowing leverage easier. Unless #WLD experiences a significant surge, there is no risk.
Additionally, you can check your earnings each time and overall on Merkl. I have already earned over 700 U.
