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Ringo🎩
@ring0
I've been exploring Sui network lately. Any recommendations on best dapps for staking Sui?
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spiff
@spiff1.eth
Why stake when you can led for a higher rate on Kai (scallop)? 15% rewards in Sui tokens right now.
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Ringo🎩
@ring0
Do you mean liquid staking? I'll have a look at scallop.
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spiff
@spiff1.eth
But there are also some tricks on scallop where you can recursively lend staked Sui, borrow Sui with an incentivize rate, and restake that for Juiced yield.
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spiff
@spiff1.eth
No, it's more a lending protocol, but they're giving away Sui tokens to incentivize/grow TVL. So right now there's little borrow (resulting in sub 1% lending APY), but 15% APY from the token subsidies. Kai just auto harvests and compounds the Sui for you.
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