This morning, I was reviewing my staked SOL looping positions on @KaminoFinance.
If you're looping with JUPSOL/SOL, jitoSOL/SOL or mSOL/SOL, the borrow rate for SOL has recently been higher due to bullish markets. We normally see greater borrowing demand, and hence higher rates to borrow in bullish uptrends.
Meaning, looping won't make sense until SOL borrow rates drop back below the underlying yield for the SOL LSTs acting as collateral in these loops (7.95% for JUPSOL and mSOL, 7.03% for jitoSOL).
Depending on how looped up your position is, you ought to take a look at it. I simply deleveraged my position to around 1.1x so I'm earning a great yield with just the SOL LST and ready to loop back up whenever SOL borrow rates drop and looping becomes profitable again.
You want the orange line (SOL borrow APY) back below the blue line (SOL LST APY, in this example mSOL).
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