DeFi is not about chasing hype tokens.
■ Imo, It’s about using smart strategies to make your assets work harder.
■ On @AlgoFoundation, @FolksFinance built one of the cleanest plays in DeFi right now
Here is my gameplay
■ >> Borrow ALGO at 3.8%
■ >> Stake into xALGO at 5.5%
■ >> Ultrastake up to 10.57% NET APY
■ Do you know why i am talking about this?
■ Normal staking gives ~5.5% APR
■ Ultrastake nearly doubles it
■ All while staying liquid, decentralized, and audited
■ It’s a real example of DeFi promise of turning inefficiencies into opportunities.
■ This is a small heads up on how the tools actually work. Choose your side.
Sounds good, naah?