Question: How to earn 70%+ APR with USDC, and also Sonic points?

Question: How to obtain 30%+ APR on USDC and earn Sonic points?

➤ Known:

1) Depositing USDC in Silo can earn an APR of 7.3%.

2) Borrowing stS in Silo only incurs an APR of 0.9%.

3) stS is a yield-compounding liquid staking token for S.

4) Providing stS/S LP on Beets can earn an APR of 23.48%.

5) Providing stS/S LP on Shadow can earn up to 37% APR.

6) stS/S can enjoy 8 times the Sonic points.

➤ It can be concluded:

1) By depositing USDC and borrowing stS, a net APR of 7.3% - 0.9% = 6.4% can be obtained.

2) Providing stS/S LP on Beets can earn an LP APR of 23.48% plus a net APR of 6.4%, totaling approximately 29.88% APR.

3) Providing stS/S LP on Shadow can earn up to 37% LP APR plus a net APR of 6.4%, totaling approximately 43.4% APR.

➤ Conclusion:

1) stS, as a yield-compounding liquid staking token for S, has an anchoring relationship with S, thus the risk of decoupling is relatively low.

2) Depositing USDC ensures a guaranteed return while participating in the relatively stable stS/S token pair for lending and borrowing, minimizing the risk of LP mining.

3) In addition, Sonic points can be earned, providing an opportunity for future airdrops.

Answer: Deposit USDC in Silo and borrow stS, then choose to provide stS/S LP on Beets or Shadow to earn higher APR.

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