olimpio|Oct 03, 2025 20:17
BTW, there's another way to get Allo Points without having to buy USDai overpeg.
If you hold USDC or USDT, you can simply lend it on Euler and get x10 points.
This gets you protocol exposure without having to take a loss due to overpeg. Could be worth it while waiting for caps increase, which, according to the team, is not going to happen at least for a few weeks
Link for USDC (Arbitrum 70M TVL) → https://app.euler.finance/vault/0x6afb8d3f6d4a34e9cb2f217317f4dc8e05aa673b?network=arbitrumone
Link for USDT (Plasma 200M TVL) → https://app.euler.finance/vault/0x141A6f77ca186861BFB323b07012e80Ef4e09041?network=plasma
You are basically betting that this setup will give more than ~10% APR (what you can get on avg risk-free elsewhere). So that is the tradeoff (opp cost)
Euler ARB yields 2.26%, Euler Plasma 1.22%. Silo is also available but less attractive imo.
No alignment on this specific activity, meaning points earned will go towards your current wallet alignment.
For a more detailed overview of what's going on with USDai, check my quoted tweet below.
GL farmers 🚜(olimpio)
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