Today nothing is going well! This morning the community had no water, and I started operating the USDe 49% APR circular loan strategy without even properly washing up. Meanwhile, the community is buzzing with enthusiastic discussions about the arbitrage opportunities from the drop in the sWBERA exchange rate and the skyrocketing deposit rates for BERA, which present hedging mining opportunities. I originally planned to finish the USDe circular loan operation before diving into BERA. Unexpectedly, when I was exchanging USDe on Arbitrum, I found that the Ethena official aggregator was showing a low price to buy USDe. However, after struggling for over an hour, I couldn't buy in, so I thought I would first go for the sWBERA arbitrage opportunity of around 3.6% for 7 days (which translates to an APR of about 201%, and holding sWBERA also offers around 120% APR). Just as I was getting the money ready, the arbitrage space shrank to only 1.x%, and I instantly felt uncomfortable. Now I'm trying to buy USDe at a low price, and I still haven't managed to do it. It's so frustrating!
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