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Lord Pemberton Squigglebop (🍞,🍞)
Yeetard @eatsleepyeet | Baker @BakerDAO420
in the implementation of @berachain PoL v1.2 it looks like the bribes are taxed upon the placing of the bribes, not upon their acceptance by validators.
this is a PSA for other builders so u dont shit urselves like i did when u make a bribe and it looks smaller than the amount you sent as incentives
3,77K
Bake on @BakerDAO420
Borrow BERA
Stake it
Layered yield. Like a sandwich.

Berachain Foundation 🐻⛓22.7. klo 07.43
On the 21st day, they said "Let there be PoL V2". And there was PoL V2.
3,23K
1/3 of @berachain bribe volume now goes to BERA staking
heres how you can use @BakerDAO420 to layer your yield with no liquidation risk:
1) bake BREAD with BERA
2) take a 99% LTV BERA loan
3) stake that BERA for yield
4) earn passive stBGT rewards (thoon)
5) BREAD collateral going up in value
6) just make sure to extend to close your loan before expiry
maffs:
Baking fee is 2.69%
Bakerdao loan APR is 6.9% (this is annualized, so you pay 3.45% if you take a 6 month loan)
if you start with 1,000 BERA and bake BREAD and take a 6 month loan, you end up with 1000 BERA's worth of BREAD exposure, and 941.3 BERA in your wallet
all you need is a 12.4% APR to break even on your loan, without even counting the free collateral you can withdraw as BREAD goes up in value
that means that if BERA staking APR + stBGT passive rewards for having a loan CUMULATIVELY are above 12.4%, you are in the green
if you are bullish bera staking APR, then this is an easy bet (dyor tho). its one of the easiest and most stress-free ways to long berachain post PoL1.2

3,56K
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