38.05% APY. But when I go to the next page it pairs FRAX with FXS similar to a liquidity pool. So my question is if I lend FXS will I get impermanant loss?
You can lend Frax for ~35%, not FXS. Separately, there is a Frax:FXS LP which could result in IL. It kinda hedges you on the way down and you will not get the full upside if FXS goes up large
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