10 SOL → after 1 month → 11.27 SOL 10 SOL → after 2 months → 12.69 SOL 10 SOL → after 3 months → 14.30 SOL
But how does it work?
xSOL is the leveraged version of SOL from @hylo_so (mostly 2–3x leverage with no liquidation risk)
By swapping xSOL for PT-xSOL on @ExponentFinance, you give up all Hylo points in exchange for a fixed yield
You can then leverage PT-xSOL on @Loopscale up to 5x. Since PT-xSOL is pegged to xSOL, liquidation is very unlikely (DYOR)
So what’s the downside?
Obviously, SOL price could go down, and because you have leveraged exposure, the drawdown would be higher. But…
…since the yield is close to 100%, it absorbs a large portion of potential losses. Even if you lose 10% in value in a month, you would still roughly break even due to the high yield
On the other hand, if SOL pumps, you can easily make 5–10x more than you would by simply holding native SOL
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96% APY on SOL
Yes, this is real!
10 SOL → after 1 month → 11.27 SOL
10 SOL → after 2 months → 12.69 SOL
10 SOL → after 3 months → 14.30 SOL
But how does it work?
xSOL is the leveraged version of SOL from @hylo_so (mostly 2–3x leverage with no liquidation risk)
By swapping xSOL for PT-xSOL on @ExponentFinance, you give up all Hylo points in exchange for a fixed yield
You can then leverage PT-xSOL on @Loopscale up to 5x. Since PT-xSOL is pegged to xSOL, liquidation is very unlikely (DYOR)
So what’s the downside?
Obviously, SOL price could go down, and because you have leveraged exposure, the drawdown would be higher. But…
…since the yield is close to 100%, it absorbs a large portion of potential losses. Even if you lose 10% in value in a month, you would still roughly break even due to the high yield
On the other hand, if SOL pumps, you can easily make 5–10x more than you would by simply holding native SOL
Not to forget: you also earn Loopscale points
Definitely a no brainer for SOL believers