Content pfp
Content
@
0 reply
0 recast
0 reaction

LucJodet.eth πŸŸͺ pfp
LucJodet.eth πŸŸͺ
@lucjodet
Can someone at the @morpho team explain how I can borrow USDC at 4% (cbETH colllateral on @base) and then lend back to @re7 USDC pool for 20% (and I am not even counting $MORPHO incentives). Is it because the Moonwell USDC vault $WELL incentives are boosting the yield for everybody? (and why isn't this arbed out already?)
4 replies
1 recast
12 reactions

foodmasku pfp
foodmasku
@foodmasku
Whoa. That’s crazy. Is the re7 pool also on base?
1 reply
0 recast
0 reaction

LucJodet.eth πŸŸͺ pfp
LucJodet.eth πŸŸͺ
@lucjodet
They are all Morpho vaults on base
1 reply
0 recast
1 reaction

foodmasku pfp
foodmasku
@foodmasku
Morpho is new to me... how are some of these APYs for borrowing negative? Is it because Morpho offers rewards for people who borrow? Wow.
1 reply
0 recast
0 reaction

LucJodet.eth πŸŸͺ pfp
LucJodet.eth πŸŸͺ
@lucjodet
This particular pool does not have negative interest rate for borrowing and I was just considering the un-incentivized yield (explanation for that is in another reply). This being said, @morpho does offer incentives in $MORPHO and some pools also have other project lead incentives (SUI and Pyth for instance) which can lead to a negative interest rate indeed.
0 reply
0 recast
1 reaction