For those aspiring to be just like 0x701, Long Yield APY sits at ~156% still, and Implied APY has remained below the Underlying APY since mid-October when the pool had just launched (AKA profitable for YT holders) So how you like them Curves now 🍎

With @newmichwill bribing the market on @Penpiexyz_io and potentially new influx/spike of liquidity soon, we can expect a more efficient lending market that will attract more lenders, more rewards, and perhaps more yield? In any case, course just needs to hold steady for 0x701🚀

At 10.56% Underlying APY, this position is projected to give another ~$52,530 in yield from now until the maturity on 28 March 2024. Expected Future Yield + Yield Collected = $52,530 + $12,000 = $64,530 With a $50,000 position, that's a $14,000 (+27% profit) in just 5 months

In essence, 0x701 has ~$1.35M worth of crvUSD deposit (notional value) pumping out yield for them from @SiloFinance . For context, this was bought using 50,000 USDC, effectively making it 27x leveraged yield exposure.

Currently, 0x701's collected $12,008 of yield from their YT position. This yield remains unclaimed to this date, hence the "negative" P&L shown above, since yield collected is only reflected as profit when claimed.