hanks

down to the crypto rabbit hole

[hanks @0xiamhanks]

GONRE

Been checking out the YT ONyc market on @ExponentFinance and it’s actually a pretty fun way to take a leveraged bet on @onrefinance ’s reinsurance yield through January maturity

If the realized yield ends up beating the current implied rate of around 12.8% you get the amplified version of that outperformance and they’re still handing out rewards for limit orders sitting near that range

Feels like one of those spots where having a decent positioncan actually make a difference so are you going to all in? $ONyc

[hanks @0xiamhanks]

@rahacrypt @onrefinance Gonre raha

[hanks @0xiamhanks]

@onrefinance @solana @RWAFoundation_ Gonre

[hanks @0xiamhanks]

@FomiesNFT Still waiting 👀

[hanks @0xiamhanks]

@yaghouteKaboud @onrefinance @kamino That's right Afra 🥂

[hanks @0xiamhanks]

GONRE

I finally got what a carry trade is after staring at it for way too long cause I'm learning at same time that I'm printing money with @onrefinance 😄 💰

so here it is✍️ :

You simply borrow usdc cheap and park it in $ONyc so it earns from reinsurance premiums that pay more and then you just keep the difference like you somehow outsmarted the ratesand also Multiply lets you do the same trick up to 2.9 times in one transaction so the little gap turns into a bigger one which feels a bit like borrowing from yourself and charging yourself interest The borrow rate still moves around though so sometimes the joke is on you and the spread shrinks when you least expect it👀

[Kamino Learn @kamino_learn]

What is a carry trade?

A carry trade borrows as asset with a lower rate against a higher yielding asset, and earns the spread between the two.

@onrefinance’s ONyc earns from reinsurance premiums, a real-world yield that sits above the cost of borrowing USDC

Multiply loops that position in one transaction up to 2.9x, so every loop adds to the spread on top of ONyc's base yield.

Here’s how it works

[hanks @0xiamhanks]

@BitGuntah @onrefinance @kamino Thanks mina 🥂✌️

[hanks @0xiamhanks]

@themoewithin @onrefinance @kamino Gonre moei

[hanks @0xiamhanks]

@oxdilip @onrefinance @kamino Gm fam

[hanks @0xiamhanks]

@Route2FI Nice

[hanks @0xiamhanks]

@2FactorFinance Sounds cool

[hanks @0xiamhanks]

@yaghouteKaboud Gm afra 🥂

[hanks @0xiamhanks]

@yaghouteKaboud @conso_xyz Good luck Afra ✌️🥂

[hanks @0xiamhanks]

@SneakypeekSol @kamino @onrefinance Already in
Gonre

[hanks @0xiamhanks]

@0xvangog @axisrobotics Congratulations bro 👌🍾

[hanks @0xiamhanks]

@0xsiakbari @Polymarket Gm sia

[hanks @0xiamhanks]

@Van_Goat_ @onrefinance Great video vangoat👏

[hanks @0xiamhanks]

@OnlyAmirAli @onrefinance @kamino Gonre

[hanks @0xiamhanks]

@MaralOM1 Thanks maral✌️

[hanks @0xiamhanks]

@sleeperqp Gn bro

[hanks @0xiamhanks]

@ArMaN1991U @onrefinance Gonre bro