What If You can Loop Leverage on LSDfi and Get More Yield?

Scrolling through new protocols, and we found something early and maybe interesting.

Lending has always been the best tool to leverage or short an asset.

@senecaUSD is a isolated lending market for LSDs to mint senUSD

imagine loop leveraging on LSDfi yield or simply enabling more strategies on top of ur LSD?

Can list any tokens to lend + current hot narrative?

LSDfi LP token as collateral?

crvUSD as collateral?

What yield farming magic that would enable?

📍How does it work

deposit "Asset", mint senUSD and you can do various strategies on it!

so... what are there strategies?

Strategies you can run

**These are strategies is still in theory, need to wait for dapp to launch to double confirm!

📍Levearge Long

Depening on the max LTV can be given to the "asset".

U can repeat 3 until ur desire leverage.

Things to note

📍Run farming strategies on idle asset

This way u aren't having extra exposure in the delta assuming senUSD will mantain the peg

Each lending vault is call Apricus Chambers

They are independent of each other, seperating each pools LTV, interest rate & risk.

This allows more room to list

👀 Opportunities

Its still very early, but im keeping my eyes on them for now.

Token valuation wise might be too early to check since we don't know when n how they are launching

but

These protocol typically have early farming incentives to boostrap their TVL 👀

$SEN Utility

Seneca's revenue are

Valuation should be in relation of TVL / Fee

Seneca is still in early stage.

seeing a lot more guys talking about to compare to when i first drafted this a week ago.

My strategey is

check out

Thanks guys!

YO WHAT IF I TOLD U CAN FOLLOW WHAT I DO ON-CHAIN

YO WHAT IF I TOLD U CAN FOLLOW WHAT I DO ON-CHAIN