ftUSD is paying 40% on Sonic.
Almost 8% on Ethereum. No token incentives inflating the number; that's the base yield.
I need to understand how this is being generated before touching it seriously, because those numbers are too good.
Separately, there's an arbitrage angle I'm looking at. The ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c token has a hard floor at $0.10 by mechanism. It recently dropped to $0.07. That's a big arbitrage opportunity.
The CoinGecko chart shows this keeps recurring; small dips, pump back, repeat.
> The liquidity situation is bad. On Mexc it's genuinely lamentable; positions would need to be tiny to not move the market.
> I haven't verified DEX liquidity yet. The price may not reflect what's actually executable on-chain.
> A bot trading these recurring dislocations could outperform simply depositing into sftUSD.
I'll give it a closer look this weekend 🧐
