Looks like someone is looping UXD-USDC LP in Kamino Lend earning ~12% on the collateral, paying ~3% on the debt with 3.

18 Nov 2023, 18:58

Looks like someone is looping UXD-USDC LP in Kamino Lend earning ~12% on the collateral, paying ~3% on the debt with 3.5x leverage. The position is not really liquidatable as there is no price risk, both are stablecoins. Oh, also, 8 caps already maxxed out. 🫡