
Insightful|Mar 07, 2025 15:57
One of my favorite BTC based farms currently is @FunctionBTC FBTC looping hooks using @InitCapital_ on Mantle
At 3x looping you can get 12x Spark points and 4.5x INIT points = most point/capital efficient on a time adjusted basis
This lets you earn Sparks/points for utilizing FBTC + INIT points
I personally have the leverage at ~2.4X so the health factor stays above 1.2 meaning FBTC would have to depeg by more than 20% for me to get liquidated
Earning Sparks for LPing = adjusting constantly = more "babysitting" than I want to do currently
Hooks = very quick and easy to start lending borrowing loops (and unwind when you want to close the position)
I can maintain BTC exposure, put my idle BTC to work, get funds onto Mantle, swap to FBTC, loop and chill
Here are some ref codes if you want bonus points/boost for INIT and FBTC
FBTC sparkle campaign - EApJL0
INIT - 8BF0CD
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