🚜 For anyone who followed this strategy and minted USDai to get it on Plasma, distribution has just finished. $XPL can be farmed
Pendle is not live on Plasma (YET), so the looping strat is not an option. There are 3 choices (for USDai, not sUSDai):
1. Hold naked USDai and get x5 points
2. LP on balancer and get x10 points
3. LP on Fluid and get x10 points
Besides Allo Points, doing (2) or (3) also gets XPL incentives.
• For balancer, currently 130% APY.
• For Fluid, currently 30% on the borrowed USDT.
Pick your poison.
BTW, it's still possible to farm USDai allo points by buying USDai on open market. On plasma via balancer (or an aggregator such as metamatcha or oku trade), or on Arbitrum.
Then that USDai can be bridged to plasma to farm XPL or more points.
Here's my ref link to get started:
http://app.usd.ai/i/q98ck
⚠️ Important, check peg on USDai, since it was way over 1:1 last week. I would not buy it if it were too deviated. Caps will not be increased for a few months as per the team's comments.
Check XPL APY incentives live here: [link_below]
Check USDai live spreadsheet with opps: [link_below]

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