My favourite DeFi platform ie www.rivo.xyz which is a DeFi strategy aggregator covered in previous posts just added its strategy #13 to his expanding offering..
This strategy is offered by www.cian.app and is the only one on the ARB network so gas fees would be quite cheap.. you can find details here..
This strategy invest in ETH by utilizing LIDO’s wstETH as the collateral and recursively borrowing ETH on AAVE to provide boosted returns on user ETH holdings..
So its a great strategy if you want to get yield on your ETH holdings.. currently, it offers a gross 9.9% return and a net 9.1%.. However, if you look at historical data this is quite variable, but has always been between 8% and 12% so quite high..
So im looking to start investing in this strategy as im a Rivo Founding Club (“FC“) holder and Rivo will be refundung my gas fees (when all 500 NFTs will be distributed..) which as i said will be quite low anyway..
Bear in mind that this strategy also has an exit fee which is also quite low @ 0.02%..
Stay tuned for more updates..