Small Mine & Arbitrage: 2%-3% profit can take up to 7 days!

The arbitrage opportunity of sWBERA mentioned yesterday has come again, and this time it was discovered a bit more timely, with a profit of around 2.5%.

📖 The following information comes from the official website and friends in the group:

1️⃣ Berachain officially opens Bera staking rewards, but you need to exchange BERA for sWBERA (the official refers to sWBERA as a liquidity receipt token, but it can be understood as the LST of BERA);

2️⃣ The channels to obtain sWBERA are still through official staking (redemption takes 7 days) and on-chain exchange;

3️⃣ Friends in the group said: The borrowing interest of BERA has increased again (something must have happened);

4️⃣ Sure enough, the exchange rate of sWBERA has fallen compared to the official staking!

🤔 Logical Analysis:

1️⃣ Official staking acts as a bottom line; if the on-chain exchange rate is lower than the official staking, it's definitely a bottom line;

2️⃣ The exchange rate difference is about 3% (when I discovered it);

⛏️ Operation Method:

1️⃣ For those who have BERA, directly exchange it for sWBERA through a DEX, such as Kodiak, and then redeem it directly through BeraHub, or not sell to enjoy the staking rewards that come with sWBERA.

2️⃣ For those without BERA, you can use contract hedging or borrow BERA, and then carry out operation 1️⃣.

Note: The above is for information sharing only, not investment advice; please do your own research!

DeFi Enthusiast: BitHappy