First, you need to buy zBTC on Jupiter (or you bring native BTC to Solana through @ApolloBTCportal)

zBTC is the first native BTC on Solana, fully decentralized and not backed by any CEX that requires KYC for withdrawing it

Go to Fragmetric and "restake" zBTC to get fragBTC This gives you a base APY of around 4% already

Go to RateX (https://app.rate-x.io/referral?ref=tOIqfame) and buy PT-fragBTC-2508 with fragBTC

By doing this, you give up Frag points which isn't a big thing as S1 is already over. You still have a 4x RateX multiplier

Go to Loopscale (https://loop.sl/i/SAWc5) and loop PT-fragBTC-2508

By doing this you also max farm the Loopscale Airdrop. Why max farm? Looping on Loopscale gives you most points

Note: Keep this open until the maturity date

What are the risks?

The higher your leverage (loop) the lower your health. Theoretically you could get liquidated

But since zBTC and fragBTC have the same value it's unlikely (not impossible) and would need a depeg

0.028 SOL will be refunded when closing the position

Why did I say 50% APY when it's actually just 30% ??

With this strategy, you farm RateX (4x Multiplier) and Loopscale (77.25K per $1K)

Looping gives you almost 5x the points you get with lending (+ obviously a much higher APY)

To ensure that you can safely and quickly enjoy Solana DeFi, use Solflare Wallet!

Download now → https://www.solflare.com/ (Available on Android, IOS, Browser extensions)