First, you’ll need PST (PayFi Strategy Token, earning 10% APY). You can get it in two ways:
Go to huma.finance
Deposit into the pool using Classic Mode (no lockups)
Or swap USDC to PST on @JupiterExchange
No need to use Maxi Mode, here we’re focused on yield, not feathers.
Now, we’ll borrow USDC against PST:
Go to kamino.finance
Find Huma Market
Supply your PST and borrow USDC (3% borrow rate)
This also gives a 4x multiplier for Feather points, meaning you still get Airdrop exposure without using Maxi Mode, while keeping the 10% yield.
Once you've got USDC:
Visit https://hylo.so/
If you don't have access, use code "JUSSY".
In the stablecoin tab, supply USDC to get hyUSD stablecoin. With a $10k deposit, you need to pay only $9 in fees, (to redeem the same).
The reduced fees from 0.3% to 0.1%.
Then in the Earn tab, supply hyUSD to get sHYUSD (no fees).
Basically, it's the staked version of hyUSD that is deposited in the stability pool, accruing returns from protocol-held assets.
sHYUSD gives you a 19% APY on the hyUSD stablecoin.
What do you have in total?
In total:
Deposit USDC into PST → 10% APY
Borrow on Kamino at ~3%
Earn 19% on Hylo
Net yield: around 26% (can reach 28% depending on borrowing rates)
Additional:
Huma Airdrop with a 4x multiplier
Hylo Airdrop without multiplier, or hold hyUSD for a 5x multiplier
Currently, it's one of the best strategy out there.
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