Here’s a simple 4 step strategy to earn ~50% APR by leveraging this possibility!

FantomFantom
$0.26865
5.02%
self.FantomFoundation1m ago
$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