Farming wBTC on Polygon

Below is a low-medium risk way to accumulate wBTC on Polygon using the below DeFi money Legos:

1. Aave

2. QiDao

3. 1Inch

4. Balancer

Below are the steps:

1. Lend wBTC on aave (0.4%)

2. Convert wBTC on CAMwBTC in QiDao

3. Use CAMwBTC to create a CAMwBTC vault (8.9% in Qi)

4. Mint MAI at 200% LTV. Maintain a lower tolerance of 200% and an upper tolerance of 250% by either repaying / borrowing.

5. Swap MAI using 1inch for stables (Any 3CRV)

6. LP in the TUSD pool in Balancer

7. Sell wMATIC, TUSD, BAL and Qi Rewards for more BTC using 1Inch

8. Repeat steps 1 to 7

Simulations:

wBTC strategy simulation