sUSDe 10% APY this week means MUX senior tranche lenders are playing a different game:
> Supply sUSDe
> Enjoy sUSDe base 10% yield
> Stack more yield from junior tranchooors
> Unbothered by price swings
Linn knows: While CT's chasing pumps, the real play is in plain sight.
Mucho updates for le MUX:
1. tranches...but done right:
@muxprotocol v3 splits yield into two clear lanes:
- senior tranche (whales):
- deposit stablecoins
- earn 10–15% APY (5% base + borrow fees)
- zero market exposure
- junior tranche (degenerates):
- borrow stablecoins
- up to 2.5x leverage on LP positions
- high risk, high reward
WHY:
- tranches are isolated, whale capital is never at risk if degens get liquidated
- no more “risk soup” where everyone sinks together
- whales can whale, degens can degen, MUCHO clean separation
2. single-token LPs = real capital efficiency
MUX ditches dual-token LPs and uses pure-asset pools:
- 100% ETH pool or 100% USDC pool
- liquidity can be used fully for longs or shorts based on demand
- traditional perps cap out at 50/50, MUX hits 100% utilization
e.g.
traditional: $10M ETH/USDC → max $5M longs
BUT
mux: $10M ETH → full $10M can go to longs
this results in:
- more capital deployed
- higher yield for LPs
- cleaner market dynamics
3. Morpho = battle-tested base layer
- morpho is the lending infra behind $2B+ TVL
- isolated markets = one bad pool doesn’t wreck the whole protocol
- real-time interest accrual
- professional liquidation engine
tldr: mux v3 lets you choose your exact risk/reward, max capital efficiency, precision exposure, clean separation of risk + this is written in collab with le MUX chadderoonies
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