Here’s a simple 4 step strategy to earn ~50% APR by leveraging this possibility!
$sFTMX moves in a predictable way relative to $FTM as it’s a representation of staked $FTM.
And what better way to multiply your yield for such low impermanence loss LPs than @TarotFinance!
Here’s a simple 4 step strategy to earn ~50% APR by leveraging this possibility!
(1/3)
Step 1: Mint sFTMX at https://fantom.staderlabs.com
Step 2: Supply equal value of sFTMX, FTM to the sFTMX-FTM LP at https://app.spiritswap.finance/#/farms/allfarms
Step 3: Provide Spirit LP token for Spirit boosted sFTMX-FTM vault here: https://tarot.to/lending-pool/250/0x18829eb4d371e2bf93b6d7cb807122cab4577dd7
(2/3)
Step 4: Leverage based on your risk appetite to multiply yield!
Keep a watch on the liquidation range to understand the safety at different levels of leverage.
For example, we have chosen a 10x leverage here and a liquidation threshold for $sFTMX of not < 0.65 or > $1.55 $FTM