How does it work?
Deposit your USDC into Looptimism to leverage automated yield optimization across multiple DeFi protocols. This smart contract strategy supplies your USDC to Aave, borrows WBTC against it, then swaps the WBTC back to USDC via Uniswap, repeating this process to increase leverage. It uses Pyth for real-time price feeds to maintain a safe loan-to-value ratio. Your stake is represented by ERC4626 standard shares, allowing for easy deposits and withdrawals. The contract owner can periodically harvest gains to realize yields. This approach aims to maximize your USDC returns by capitalizing on lending-borrowing differentials and potential market inefficiencies, all while managing associated risks through automated processes.
APY
8.73%
Behind the scenes
Actions done automatically by the strategy (smart-contract) with an investment of $1000
| Action | Protocol | Chain | Amount | Yield (%) |
|---|---|---|---|---|
| 1. Supply USDC to Aave |  USDC on Aave | Optimism | $100 | 3.69 |
| 2. Borrow wBTC from Aave |  wBTC onAave | Optimism | ~$70 | -0.50 |
| 3. Swap wBTC for USDC on Uniswap |  cbETH on Uniswap | Optimism | ~$70 | 0.00 |
| 4. Swap wBTC for USDC on Uniswap | USDC onUniswap | Optimism | ~$70 | 0.00 |
| 5. Loop back to first step, repeat 3 more times | USDC onUniswap | Optimism | ~$51 | 5.39 |
Risks Associated
Some probable risks that you should be aware of before investing in this strategy
1. APYs are not promised returns, they may vary due to market conditions
2. You will be affected by price fluctuations of wBTC tokens
Transaction History
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