gCookie,
Today’s topic: How to Earn Spark Points on @pendle_fi?
@sparkdotfi is the talk of the town these days as the first protocol launching a mindshare campaign on @cookiedotfun Snap. However, the hype is real with impressive numbers on the Spark protocol:
✅ $130M+ annual revenue
✅ $3.54B in SparkLend
✅ $2.92B in Spark Saving
While everyone is talking on Cookie to earn snap for the #Spark airdrop, you can earn more by farming Spark points on @pendle_fi:
– 25x Spark points on Pendle
– Solid yield, fixed at 9.67% APY
– Huge liquidity with $18M+ TVL
📌 So, here’s my strategy:
1/ Deposit ETH to https://t.co/ssRDouhHIJ and borrow USDS - a stablecoin from Spark (previously Sky Protocol).
Link: https://t.co/K81eoo9y27
2/ Use USDS to buy YT USDS on Pendle with 9.67% APY.
Alternatively, you can add liquidity in USDS on Pendle with 14.32% APY.
Link: https://t.co/YRwUhVwNoy
Note: With YT USDS, the yield of the yield-bearing token is only accrued up until the maturity date, after which YT has no value.