Borrow rates on Aave are already recovering thanks to the extraordinary efforts of DeFi United.
Still high at 3.9%-4.5% APY, but PT-USDG is already profitable at this rate (~28% APY).
If rates recover to pre-hack levels of ~2.4%, then we'd be looking at 50+% APY
XOXO,
https://x.com/PendleIntern/status/2049709566762557559
Post #505
1.52K