Hi HODLers,
This will be a very short post but a very lucrative one if you are looking for a nice arbitrage strategy out there !
2 Strategies are possible:
- Either you have $FTM and you might just lend them for the following strategy and gain >100%APY while it lasts.
- Either you do not want to even take a risk and could HODL stablecoins and have a >100%APY.
Sounds too good to be true?
It might but at the time of writing it is still the case. Of course, as anything it depends if other people follow a similar strategy and therefore take more % of the pie.
You also ALWAYS have the platform's risk (Rug, hack...).
What is the strategy?
Go on Impermax protocol: https://fantom.impermax.finance/. This is a well-know leverage Yield Farming platform. They launched on Fantom.
As seen below, you can supply $FTM (Lend) and be paid 90%+APR (last farm).
If you would do this you would only have the risk of $FTM going down while cashing the yield.
StableCoins strategy
Easy:
- Put your Stablecoins on Tarot or another lending protocol. I wrote about Tarot here.
- Borrow $FTM at c.3-10% APY.
- Put them to work on Impermax at >%APY.
=> No asset risk and free $FTM for you.
This is NOT financial advice.
Stay safe out there,
