XAUT collateral exposure in SteakhouseFi vaults

Catching up on yield research today, here are a few oddballs you might have missed. 1) @3janexyz has pivoted from being an onchain unsecured credit issuer to more of a wrapped private credit company and very limited borrowers. Their PTs have benefited from this pivot. ➢ PT sUSD3 (Junior Tranche): 22% Fixed APY ➢ PT USD3 (Senior Tranche): 13% APY 2) @blackopal_fi has $PLUME incentives on @pendle_fi. The base APR is around 11% over the last 30 days, but there's ~8% in added plume incentives. That makes the YTs profitable here, which is somewhat interesting. Now, it's not super easy to underwrite Brazilian Credit Receivables, but that's the task you're up against if you want to due diligence this yield. But it is a $300-$500b market, fwiw. IMO it would be a good candidate for tranching on @roycoprotocol. 3) @RE's reUSDe's discount has stayed around 3%. If you think it will stay here, the 18% PT is quite nice. As a reminder, the biggest concern here is that there's a rush for redemption and the limits / length causes a larger market discount with no easy path to exit without competing for redemption. 4) @SteakhouseFi high yield vaults at 13% on @Morpho. @monad is incentivising, may as well eat while there's food on the table. Collateral exposure on the USDC high yield is almost entirely XAUT, which is tether gold and certainly something I'm comfortable with. 5) Probably temporary, but the drama with @CapApp seems to have led to a high borrow rate (and therefore a high lending rate) for USDT to stcUSD. 7-Day Average is 14%. 6) @onrefinance tranches are still attractive imo. ➢ 8.31% Senior with 44% loss coverage ➢ 42% Junior with 2.2x loss exposure The junior has been capped for awhile, but it's one where mathematically (because of incentives) the junior should be risk adjusted, assuming this is not onf of those "once a decade" years for catastrophic floods, earthquakes, etc. 7) I found out recently that @Loopscale has some fixed rate markets, meaning you could loop up @solsticefi with both a fixed collateral and fixed borrow cost. I've got some buddies who locked in 18% for the foreseeable future. No liquidity at the moment, but another protocol to keep an eye on for liquidity. 8) PT-reUSD markets on Morpho look good here. Millions to borrow at 8% and less against a 10% fixed. I'm not saying "go leverage" but if you have the PT already and needed some liquid capital, it's positive carry. 9) I am once again reminded that $PRIME from @HastraFi is on EVM with a 4.32% borrow rate an 13M to borrow. Quick math puts the loop around 12-14% which I like. If I could feelessly flash enter and exit, I would do this. Maybe @GearboxProtocol or @3FLabs (hope that's the right tag) could build that. That's also something I wouldn't mind having tranched (a looped leverage vault). 10) Speaking of which, @roycoprotocol has @makinafi's looped mGLOBAL vault from @FasanaraDigital now. I'm not sure if it's available to everyone, but mGlobal has been great for a very long time, so senior or junior exposure to leveraged mGlobal is at the very least interesting. Anywho, join the DeFi Dojo for yield talk daily: https://defidojo.vip/ Use Promo Code: "iread" to get the first two months free for reading this entire thread.