3 opportunities because of the
$STRC drama around
@apyx_fi
if i want to play with a 10k fund.
buy
$apyUSD right now at $1.3 and redeem it for
$apxUSD at NAV price. 1 apyUSD = 1.3738 apxUSD, claimable on 23 June.
you will get 10,495 apxUSD with $10k. if it’s back to peg, it’s a clean $500 profit, if it stays at that level, it’s still a $322 profit.
Second, because of the apxUSD depeg, PT apxUSD price also tanked, that’s giving around 15% APY on simple PT holding (more if apxUSD goes back to peg) and 34% on LP holding plus 100X points, so LP is the choice.
3rd, or simply deposit USDC on Morpho PT markets. APY is around 34%, liquidation threshold for PT buyers is 86% with a 4.3% penalty, till now it feels safe, if something bad happens, you will have a PT position, so go with PT apxUSD for lower risk.
personally going with the Pendle route since it will lock in more than 15% and plus I’m getting LP rewards, on Morpho, it comes back to normal when things go back to normal.
it’s a good opportunity or i’m just an idiot ? let's see in coming days.
you can decide and explore here:
app.apyx.fi/join/d1hwvr4