Found a loop where the borrow rate can't move for 30 days. AUTO/wYLDS Multiply on @kamino: → 5.30% - 6.25% fixed borrow rate → 25.17% - 28.55% net APY at 4.5x → AUTO yield backed by consumer auto-loan interest Your borrowing cost is locked for the term. Your yield floats. If that spread shrinks at 4.5x, there's almost no room for error. My checklist before touching any loop: → Can the collateral survive a drawdown? → What if the underlying yield drops? → Can I exit or refinance when the 30 days end? The last one matters most. Rollover depends on available liquidity. Three more loops on my radar: ▫️ ONyc/USDC: 18.55% at 2.9x | $95.01M deposited ▫️ PRIME/CASH: 14.41% at 8.3x | $20.15M deposited ▫️ apyUSD/USDC: 35.26% at 3.3x | only $174.89K deposited That last APY looks wild. The tiny pool says look closer before you ape in. My rule: size the position for the exit, not the APY. Earning while the loop works is easy. The real test is when everyone wants out at once. 🫡