Silo Finance (SILO) news

Silo Finance

With $ETH and $USDC borrow rates like this it is very cost-effective to loop $wstETH staking yield (currently 3.7%).

Simply:
1. Deposit $wstETH (4.3% APR inc. $SILO rewards)
2. Borrow $ETH (0.44% net cost) or $USDC (0.54% net yield)
3. Swap for $wstETH and loop

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🤔 𝐻𝑀𝑀𝑀𝑀

Seems like our borrow rates against $wstETH are lower than staking yield...

🧐 𝐼𝑁𝐶𝐻 𝑅𝐸𝑆𝑇𝐼𝑁𝐺

If you're borrowing $USDC, you even earn a positive spread due to $SILO rewards!

Put your $wstETH to work here: https://t.co/cu9SS3IglC

#SiloTheRisk

𝐻𝑀𝑀𝑀𝑀. Seems like our borrow rates against $wstETH are lower than staking yield. 𝐼𝑁𝐶𝐻 𝑅𝐸𝑆𝑇𝐼𝑁𝐺.