@0xC01n@FolksFinance With ultra stake you will deposit xALGO and borrow more ALGO against it. The problem is that the borrowing APY is higher than the rewards. So you lose money! But Folks does not show that anywhere.
@FolksFinance Why don’t you mention that ultra staking is practically useless when the ALGO borrowing APY is so high? Users receive 6,99% rewards, but they pay 7% interest. At these rates, using the ultra stake feature offers no benefits. On top of that, there’s no warning about this in the UI