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LucJodet.eth πͺ
@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?)
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foodmasku
@foodmasku
Whoa. Thatβs crazy. Is the re7 pool also on base?
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LucJodet.eth πͺ
@lucjodet
They are all Morpho vaults on base
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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.
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LucJodet.eth πͺ
@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.
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