Andre Cronje: ssftUSD looping enabled via Morpho and kpk_io, offering up to 24.11% APY

Andre Cronje: ssftUSD looping enabled via Morpho and kpk_io, offering up to 24.11% APY
SsftUSD looping via Morpho, 24.11% APY

Looping for ssftUSD is now enabled via Morpho and kpk_io, allowing for a displayed maximum annual percentage yield (APY) of 24.11% at current rates and maximum loan-to-value (LTV), according to Andre Cronje, founder of Flying Tulip and former CTO and board member of Sonic Labs.

Cronje added that he expects this APY to normalize to around 12%, excluding points.

Previously, Andre Cronje described onchain swaps with no fees or gas costs, enabling users to earn yield and utilize assets as collateral. He has also outlined higher capital efficiency and yield strategies using margin and ftUSD. Cronje’s ongoing posts provide regular updates on new yield opportunities in crypto finance.

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