With sUSDS collateral now on @arbitrum on Fluid, check out the Multiply tab for looping against sUSDS.
sUSDS = 4.5% APR
USDC/USDT debt = 1.5% APR to borrow
Max looping = 14x multiplier
Max leverage APY = 44.2%
The debt LP (USDT/USDC) actually costs 3.5% APR to borrow but the Smart Debt LP is passively earning 2% APR in trading fees from Fluid DEX so the net cost to borrow is only ~1.5% APR.
Part of the magic here is this Smart Debt LP which despite demand to borrow stablecoins on Fluid, is subsidized with real trading fees bringing down the cost to borrow stablecoins.
The other part of this setup I love is the fixed 4.5% APR powering the collateral that is sUSDS. When I look for looping, I don't like to play with strategies reliant on 2 volatile rates (supply vs borrow). The fixed collateral yield makes my life easier.
Link to Multiply sUSDS x USDT/USDC strategy:
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