The smsUSD-USDC market just launched on Silo meaning there's now a ~20% APR stableccoin looking to get looped. This one's a little trickier to execute than most strategies but with challenge comes reward. Did... did someone say 100%+ APR on USD? 👇

1⃣ Getting smsUSD Since smsUSD is backed by institutional grade strategies, its not the easiest thing to mint. Thankfully, Mainstreet has partnered with @BrunchFinance and @stabilitydao to enable permissionless minting. You can do that here:

2⃣ Yeet on Silo Once you've got smsUSD, deposit it on Silo to borrow USDC at 6.5% APR. Liquidity is shallow so this is better for smoller accounts BUT the market is whitelisted by @VarlamoreCap and @greenhouse_fi for allocations. APE:

3⃣ Loop Repeating the two steps above is literally all we need to do to start looping. With such INSANE underlying yield on smsUSD, each loop adds an extra ~13.33% APR. PER LOOP. AND WE CAN LOOP UP TO 7.7X TIMES.

It goes iwthout saying that all leverage strategies involve risk and users should undestand the risk of smsUSD. NFA NLA NMA MDMA SILO SONIC