Little Mine & Circular Loan: USDe Circular 3 times APY 42.44%!

The circular strategy on Ethereum mainnet AAVE + Ethena has a bit high gas requirement, even if the gas is below 0.5 Gwei for 5 cycles, it will still burn close to 8U.

Thanks to Deep0000Cls for the strategy in the comments yesterday, allowing small funds to better participate in the USDe circular loan!

The core of this strategy is basically the same as the mainnet, except that the 10% subsidy is from TON's activities, so considering the interest generated from tsUSDe, it’s about 20%.

⚒️ Operation Process:

0️⃣ Wallet needs to verify TON ID via TG;

1️⃣ On the TON chain, use USDT to exchange and mint sUSDe;

2️⃣ Deposit into EVAA;

3️⃣ Borrow USDT;

♾ Cycle through steps 1️⃣ 2️⃣ 3️⃣ until you no longer want to cycle, the APY increase is quite good around 3 times, but TON's gas is low, you can even extend it to 5 cycles.

The maximum capacity for a single address in this strategy is only 10,000 tsUSDe, approximately $12,000.

The previously mentioned TG wallet has a 20% APR incentive for storing USDT, but since the wallet is bound to TG and requires KYC, it can be quite troublesome if stolen or banned, which can also be resolved by verifying TON ID. https://x.com/BitHappyX/status/1947583308369625339

You can jump from the Ethena official website to StonFi to exchange or mint USDe/tsUSDe in TON, and you can also find the entry for verifying TON ID here.

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

DeFi Enthusiast: BitHappy