BitHappy
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Bullish
🤔 Community members are once again discussing the opportunities of USDe/sUSDe～
In addition to the subsidy loop loan and PT loop loan, the most reliable method remains risk-free arbitrage.
For example, a member mentioned: borrow USDe on Aave, exchange it for sUSDe through 1Inch, and then perform Unstake to unlock. Based on current conditions, the annualized return could reach 20% (if the timing is right, the APY could be even higher).
The core logic of this idea is to utilize the price of sUSDe on-chain or in exchanges, and the exchange rate difference between its official Unstake unlock price for arbitrage.
According to the practical experience of several community experts, if the timing can be accurately grasped, the profit from a single operation can be quite considerable, with operational capacity potentially reaching millions.
The best time to capitalize on the exchange rate often occurs when the USDe/sUSDe PT expires or when the loop loan is concentrated in unwinding.
For instance, Aave and Ethena previously announced that the subsidy for their loop loans would only last for one month, after which it would be reduced. If the subsidy is not extended, sUSDe and USDe may face selling pressure.
However, Morpho recently indicated that it will cooperate with Ethena to open loop loans, and if the subsidy continues at that time, the arbitrage opportunity will be significantly weakened.
Note: The above is for information sharing only and not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
In addition to the subsidy loop loan and PT loop loan, the most reliable method remains risk-free arbitrage.
For example, a member mentioned: borrow USDe on Aave, exchange it for sUSDe through 1Inch, and then perform Unstake to unlock. Based on current conditions, the annualized return could reach 20% (if the timing is right, the APY could be even higher).
The core logic of this idea is to utilize the price of sUSDe on-chain or in exchanges, and the exchange rate difference between its official Unstake unlock price for arbitrage.
According to the practical experience of several community experts, if the timing can be accurately grasped, the profit from a single operation can be quite considerable, with operational capacity potentially reaching millions.
The best time to capitalize on the exchange rate often occurs when the USDe/sUSDe PT expires or when the loop loan is concentrated in unwinding.
For instance, Aave and Ethena previously announced that the subsidy for their loop loans would only last for one month, after which it would be reduced. If the subsidy is not extended, sUSDe and USDe may face selling pressure.
However, Morpho recently indicated that it will cooperate with Ethena to open loop loans, and if the subsidy continues at that time, the arbitrage opportunity will be significantly weakened.
Note: The above is for information sharing only and not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.