The weETH loop on Aave just became profitable again for those looking to wind it back up.
40%–70% APR on @aave.
50%–82% APR on @eulerfinance.
Let's look at the math...🧵👇
This equates to a 3% additional APR boost if 200K ETH are staked or a 6% APR boost at 50K ETH staked.
Regardless, these boosts push the weETH loops radically positive on all major money markets.
Aave has had some wildly volatile ETH borrow rates recently, but they've done a great job getting them under control.
The current borrow rate is 3%.
That means you target a 40-70% APR mint-looping this campaign at 10x leverage.
That said, YOU MUST MINT.
If you auto-leverage or if you buy weETH, you won't qualify for the campaign on that ETH.
Again, only newly minted weETH qualifies.
Note: EtherFi Ambassador and Cash Card Maxi
Get $50 back on the first $1K Spent:
(also, minting liquidETH for cashcard collateral also gets rewards)
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