My @USDai_Official team is omegacooking- 340

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olimpio
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5 hours ago

My @USDai_Official team is omegacooking- 340,000,000 Allo Points

You can join a team even if you haven't used a code before. Here's mine: q98ck / https://app.usd.ai/i/q98ck

I'm creating a dashboard to estimate point valuation. I'll share it with my team in the next weeks

• If you are not on this farm rn and are looking to enter, these are the considerations:

-It's way overpeg. USDai = 1.052. Anything you do will be 5% more expensive

-For example, if you buy PT to lock in 44% APY (no allo points), in reality, it'll be much lower since you have to buy USDai to enter

-Buying YTs directly at 45% (or 36% for sUSDai) may also be expensive, but this needs to be estimated against total point supply, airdrop %, and estimated FDVs. I'll do an analysis very soon

• If you are already on this farm or hold USDai:

-USDai launched on Plasma yesterday. See all available opps here: https://rewards.plasma.to/opportunities?search=usdai&sort=apr-desc

-If you are naked holding YT+PT on arbitrum, you can "unmint" to USDai, bridge to Plasma (1:1) and then split it again and get an additional 10%.

-If you are just holding YT, nothing can be done without selling. Consider the difference in prices (Plasma's pendle also has a diff maturity date).

-Pendle LP (which gives x25 points) has a different composition in Arb vs. Plasma. IMO if you already have USDai it's better to LP on arb since you can maximize points better bc of pool comp

• ⚡️ This is the best strategy imo if you already hold USDai:

-LP on Pendle on Arbitrum AND SELECT "Keep YT" mode. This basically splits your USDai to YT + LP (which inside has PT+USDai). As the pool is only 5% USDai, you get a very favourable proportion compared to Plasma, which accrues a very effective amount of points in comparison.

-What I like here is that it's basically the same as holding USDai, minimizes slippage and IL while getting ~40x more points. And easy to unwind, should something more effective appear

Check if you are on a team. If you aren't, you can join mine by pasting code q98ck

Working on a point model for team members.

BTW, feel free to comment on any better alternatives or different approaches. GL fellow farmers 🚜


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