The APY for the PT assets of sUSDf and hwHLP is both 17%!

Large Mine & Multi-Protocol: PT Loop Loan APR/Y 30% Easy Peasy～

The sharp drop in deposit rates and the surge in borrowing rates are significant reasons why loop loans are unprofitable.

Once PT assets are purchased, you just need to wait for them to mature to receive the interest and principal that were clearly priced at the time of purchase.

PT assets have addressed the impact of the sharp decline in deposit rates on loop loans.

Although it still cannot resolve the fluctuations in borrowing rates, it has significantly increased the certainty of loop loans.

This is probably one of the reasons why every time AAVE adds tens of millions, or even hundreds of millions of dollars in PT-USDe/sUSDe quotas, they are snatched up within minutes (additionally, AAVE's borrowing rates are stable, and everyone trusts Ethena enough).

Due to the aggressive and rapid use of technology by large whales, many small participants are unable to even get a taste from AAVE, but it's not a big deal; PT assets are still the core assets of the multi-protocol large mine!

Currently, in the EVM system, platforms that support PT asset collateral include AAVE, Morpho, Euler, Lista, TermMax, and more, with many related strategies, all quite similar.

For example, depositing PT-USDe/sUSDe on Euler not only allows you to borrow USDT/USDC but also sUSDe (39% APY with 5 cycles).

For example, depositing PT-tUSDe on Morpho allows you to borrow USDC (33% APY with 5 cycles).

For example, depositing PT-USDe on Lista allows you to borrow USD1/USDT (25% APY with 5 cycles).

These are just assets related to Ethena, and in fact, there are many other PT assets, such as Spark USDS, Syrup USDC, Yala YU, Gaib AIDaUSDT, and so on.

All of these can achieve an APY of over 30%, and some PT assets do not have the exchange rate volatility risk like USDe.

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

DeFi Enthusiast: BitHappy