I only loop yield I can explain in one sentence. eHYUSD is a dollar stablecoin earning staking rewards and borrow fees from Hylo's collateral, not points, rewards campaigns or a SOL price bet. The SOL price risk sits with xSOL holders. eHYUSD holders collect the yield and are the insurance that covers losses first. Hylo's hyUSD goes into its Earn Pool as eHYUSD, which earns about 16.6% right now. On Loopscale you loop it against USDC borrowed at roughly 9.5% and keep the difference. The eHYUSD/USDC loop pays a 34.78% weighted average and 37.90% at the max 4x leverage, with about $5.80M deposited. The risk is that eHYUSD is first-loss. If Hylo's backing drops below 100%, hyUSD in the Earn Pool gets burned to cover it. And if the 16.6% base rate falls back toward the 9.5% borrow cost, the loop stops paying. https://t.co/gzY8xIDm5j