StableEarn is a pretty damn YUGE launch for @Theo_Network USDT is still the biggest stablecoin in crypto by far BUT the large majority of onchain USDT liquidity has historically been under-monetized Now StableEarn gives USDT0 depositors a TASTY way to earn through Morpho, with Gauntlet curating risk and Merkl handling incentives Ze interesting part for DeFi users: 1. Deposit USDT0 into the StableEarn vault on Morpho and earn passively 2. Borrow USDT0 against sthUSD and build looping strategies around the first sthUSD Morpho market Theo is making mucho big moves into the USDT eco, with insti-grade yield infra becoming accessible directly onchain Also worth noting: as caps expand and Pendle (pendleeee) markets for sthUSD become available, this could become one of the more interesting stablecoin yield loops over the next month (meaning mucho tasty yields) Check it out now: StableEarn vault: https://app.morpho.org/stable/vault/0xb7Df8db22A5DBBFA9ebeb94b3910aec6a4f05c08/stableearn?tab=vault sthUSD / USDT0 market: https://app.morpho.org/stable/market/0x09ed38631ede7451052fd8f55480b0d9d79bcb098a1117b8b9ae91b2ddf8ef73/sthusd-usdt0?tab=market Possible (based on current %) Strategy: - Deposit sthUSD as collateral, borrow USDT0 against it, swap the borrowed USDT0 back into sthUSD, then deposit that new sthUSD again as collateral - Repeat the loop a few times, but stop around 65-70% LTV instead of pushing to the 77% max (better safe than sorry) - You earn the 5.5% sthUSD APY on the larger looped collateral position, while paying the 3-4% borrow APY on the USDT0 debt - As long as borrow stays comfortably below the sthUSD yield, the spread is profitable - Keep a buffer, monitor borrow rates, and unwind if borrow rises toward 5.5%+ or liquidity gets tight Results in roughly 8-11% APY (depending on borrow rates) dc: written in collab with Theo(🉐 Crypto Linn)