#4. Strategy Guides: Open a leverage farming position using Rabbit Finance and #dev DeFi.

My strategy is a leverage farming strategy. I borrow BUSD from #dev then use Rabbit Finance USDT-BUSD (Pancakeswap) pool to leverage my assets to 9x for the best profit.

Of coure you can use other pools with higher APY, but I prefer stablecoin-stablecoin pools to secure my position from being liquidated.

1. I collateralized $3574 worth of BNB to borrow 1072 BUSD. Loan-to-value ratio = 30%. Borrow APR = 3.07%.
2. I transferred 1072 BUSD to Rabbit Finance to open a 9x leverage farming position on USDT-BUSD (Pancakeswap) pool. So my total assets in position is worth 9634.49 BUSD after fees.

• My debt ratio = 88.88%. Maximum debt ratio = 94%. In my calculation, my position will be liquidated if BUSD drops 45% against USDT, very low chances for this to happens.
• Farming APY = 47.12%

Actual APY = (47.12% — 3.07%) * 30% = 13.21%.

Sadly Lending APY of BNB is zero on #dev, otherwise my APY will be a little bit higher. Hope they will improve it soon.

Important Notice:

• All strategies are collected from users of #dev DeFi.
• Each strategy is just a use case of #dev DeFi and not financial advice. Apply these strategies at your own risk.

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Previous strategy guides:

→ #1 Strategy guide: Make 20% profit from BNB https://devdefi.medium.com/1-strategy-guide-to-make-profit-from-bnb-using-dev-defi-6057e92ae51d

→ #2 Strategy guide: Make 15% profit from BUSD https://devdefi.medium.com/2-strategy-guide-reach-15-apy-on-busd-using-dev-defi-d1776a0a3cb8

→ #3 Strategy guide: Open a short position on BNBhttps://devdefi.medium.com/3-strategy-guide-open-a-short-position-using-dev-defi-c7a243e363d4