If you think that yield will stay the same or increase, buying YT is much more capital efficient than the underlying asset.
04 Sep 2023, 09:34
If you think that yield will stay the same or increase, buying YT is much more capital efficient than the underlying asset.
For the same amount of capital, you'll be able to compound your yield exposure through a much larger quantity of YT 🚀
Using YT-sDAI as an example:
🔹Notional Value = $122k (with $5k capital)
🔹Long Yield APY = 24.5% (vs. 5% underlying yield)
DSR Utilization Update
Utilization has risen slightly 24% → 25.5%, but still quite someways from the 35% threshold, which is when yield will get automatically reduced to 5% → 4.3%. Barring any big changes or huge influx of deposits, sDAI yield should still remain at ~5%.
For existing YT-sDAI, you can monitor this to decide when a switch to PT-sDAI (i.e. Fixed Yield) is warranted.
Same news in other sources
104 Sep 2023, 09:34
If you think that yield will stay the same or increase, buying YT is much more capital efficient than the underlying asset.
For the same amount of capital, you'll be able to compound your yield exposure through a much larger quantity of YT 🚀
Using YT-sDAI as an example:… Show more
If you think that yield will stay the same or increase, buying YT is much more capital efficient than the underlying asset.
If you think that yield will stay the same or increase, buying YT is much more capital efficient than the underlying asset.
For the same amount of capital, you'll be able to compound your yield exposure through a much larger quantity of YT 🚀
Using YT-sDAI as an example:… Show more