Solution to the latter is BLOCKCHAIN.

Permissionless. ;) (if public chains). ;)

@AnimalisMD
23 hours ago (edited)
"A clever way of appearing to be doing something without really doing anything permanent". Brilliantly explained Dr. Barton!

https://www.youtube.com/watch?v=bkQ5svYXnY8

Introducing ...

———————————————-

The Newbies Guide to OG Degen Behaviour ... with Peapods!

1. install rabby.io (a decent wallet for DeFi);
2. Add ETH (on Ethreum) to your wallet;
3. Bridge some of your ETH to Arbitrum (leaving say $20 in ETH on Ethereum for gas); i just used;

https://app.rhino.fi/bridge?mode=pay&chainIn=ETHEREUM&chainOut=ARBITRUM&token=ETH&tokenOut=ETH&amount=10

4. SWAP your ETH on Arbitrum for PEAS on Arbitrum (not on base; crucial){leaving say $20 in ETH on Arbitrum for gas (yes, again) for transactions on the Arbitrum chain};
5. LFV your PEAS on Arbitrum, via this pod (PEAS-v-USDC), for APY 864% atm;
https://peapods.finance/pod/42161/0x4548c7fAfeFd9e18dBfd583F2b43b67B3B4D4C0A
Borrow the whole of the other side of the position (USDC).

RESULT e.g.:

Upfront deposit $200 (in PEAS)
Net Exp. Annual Yield = $1436
Exp. LVF APY = 359%

6. Buy Toast with your profits. (Put some ETH on base, on base first/at the same time; USD $20).
7. LVF the Toast at x 2 leverage in our pToastLVF pod..
8. Once the position is opened, INCREASE LEVERAGE TO MAX (x2.33) (obtaining USDC).
9. SWAP the USDC for more Toast.
10. Put the extra toast at 9. above down in our other Toast peapods Pod (TOAST-v-WETH) at x2 leverage (borrowing thus WETH).
11. Once the position is opened at 10 above, increase leverage to x2.33 (obtaining WETH).
12. SWAP the WETH at 11 above for PEAS.

Rinse, repeat (changing the first pod as appropriate to rates at the time).

NFA. YMMV.

Enjoy. Crypto Degeneracy!

ps Don't forget to VOTE $TOAST (so you can use PEAS to make TOAST!);
https://x.com/PeapodsFinance/status/1983965523315728390

And just on time, BOOM, back over 2