Recently, I have been observing the liquidity changes of Lombard Finance. Since the Royco Protocol opened withdrawals on May 6, the flow of funds has been particularly fast!

A quite obvious phenomenon:

The supply of LBTC on Berachain has been cut in half, decreasing by 52%, while most has gone to Sui, which instead saw a growth of 72%.

Interestingly, although many people think that Sui might be a poor chain (low TVL, relatively young ecosystem), its DeFi yields are actually quite considerable. If you were originally looking to earn Sats (Satlayer Points) and Lux (Lombard Points), Sui is basically the best place right now.

I am also researching a few ways to play, and I will organize them simply for everyone:

If you want to earn Sats (Satlayer score)

The best route currently is:

🔻Exchange SUI for xBTC
🔻Deposit about half of your xBTC into the satlayer vault to get satXBTC.
🔻Go to Bluefin to deposit satXBTC and xBTC into the LP pool.

This way you can earn Sats points and approximately 10% APR (annual percentage rate).

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If you want to earn Lombard's Lux Points

This is a bit more complicated, but the returns are higher!

🔻Exchange SUI for LBTC
🔻Deposit LBTC into Suilend
🔻Mortgage LBTC, borrow SUI (the interest rate is quite low)
🔻Stake the borrowed SUI into Springsui to receive sSUI.
🔻 Deposit sSUI back to Suilend and stake for another round.

You can loop a few times, depending on your risk tolerance. This way, you can get 3 times the Lux points while also earning an APR of 2.5%–4%!

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Why is everyone starting to rush to Sui?

In my opinion, whether the TVL is high or not is not the issue; the profits are! Although there are some play styles on Berachain, currently, Sui has the highest profit efficiency, and with the stacking efficiency of points, it is definitely one of the best profit strategies at the moment!

#KaitoYap @KaitoAI @JacobPPhillips @Lombard_Finance #Yap