the advanced AURA route is YT-BulkSOL on Exponent.
BulkSOL can be split into:
PT: the principal at expiry
YT: the yield and rewards until expiry
buying YT means paying upfront for the future yield and AURA exposure. you don’t own the underlying principal.
using the current calculator assumptions, a $1,000 YT position looks roughly like this:
• $737 in expected underlying yield
• $263 effective cost for the AURA exposure
• 1,890 expected AURA
• around $0.139 effective cost per AURA
that $0.139 figure is a breakeven estimate based on current assumptions. it isn’t an AURA market price.
the yield can change, the YT position can lose value, and AURA’s final supply, allocation, timing and token value are still unknown.
way more aggressive and risky than depositing directly into BULK, but the numbers are interesting enough to at least keep an eye on this.
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