Yesterday I saw a circular Arbitrage strategy, deposit USDC to get PST on a certain platform -- take PST to collateralize on another platform to borrow USDC -- return to the certain platform to continue depositing and exchanging for PST... After several cycles, I found that the lending apy on the certain platform is nearly 50%... The pool is too small.



The arbitrage/savings projects I am working on:
Take $BTC $eth
USDC-0.01%
BTC1.44%
ETH5.1%
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BearMarketNoodlervip
· 5h ago
apy50% is obviously a pitfall.
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PebbleHandervip
· 7h ago
trap a der is all a leverage pit
View OriginalReply0
RTMgrvip
· 08-10 14:28
HODL TIGHT HODL TIGHT
Reply0
OnChainDetectivevip
· 08-10 10:41
Arbitrage with backdoors will definitely be dumped. It's all being monitored.
View OriginalReply0
CryptoSourGrapevip
· 08-10 10:35
If I had known this trap earlier... I would be financially free by now.
View OriginalReply0
OnChainDetectivevip
· 08-10 10:26
hmm typical ponzi metrics... tracking those flows rn
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