Hold a WBTC-cbBTC LP position as collateral and borrow the same LP shape on the debt side. Neither asset earns a native yield (both are 1:1 BTC wrappers), so the entire carry comes from the trading fees the pool collects when arbitrageurs cross between WBTC and cbBTC. The debt leg earns back its share of those fees, leaving the col leg's fee income as the net carry.

Hold a wstETH-ETH LP position as collateral and borrow the same LP shape on the debt side. The collateral leg earns: trading fees on the wstETH-ETH pool plus the underlying Lido staking yield on the wstETH portion. The debt leg pays the borrow rates on each leg, offset by an equal share of the same fees. The carry is the net spread, and the trading-fee component dominates short-term swings.

Hold reUSD as collateral and borrow the USDC-USDT pool. The debt position holds both stablecoins in pool proportions; you pay a blended USDC + USDT borrow rate but earn back a share of the pool's trading fees, which can make the funding leg materially cheaper than borrowing either stable alone. The carry is the reUSD yield minus that net funding cost.

Hold reUSD as collateral and borrow USDT. Same reinsurance-premium yield on reUSD as the USDC variant, this time funded with USDT. The carry is the reUSD yield minus the USDT borrow rate.

Hold reUSD as collateral and borrow USDC. reUSD is Re Protocol's deposit token: the protocol routes the underlying USDC/USDT into a diversified portfolio of US property and casualty reinsurance positions, and the net premium income (after claims) accrues into the share price. The carry is that yield minus the USDC borrow rate.

Hold wstETH as collateral and borrow ETH. wstETH is Lido's non-rebasing wrapper of stETH; the share price grows by Ethereum staking rewards (consensus issuance plus execution-layer tips, net of Lido's 10% fee). The carry is that staking yield minus the ETH borrow rate, the cleanest LST carry on chain.

Hold Lido's wstETH as collateral and borrow WETH against it. wstETH appreciates against ETH at the staked-ETH rate, and the WETH borrow leg funds the position in the same denomination, so the carry is simply staking yield minus the WETH borrow rate. ETH-correlated assets share an e-mode bucket on Aave, which is what enables the high advance rate. Useful as a benchmark against the same pair on dedicated leverage venues like Fluid.

Hold syrupUSDC as collateral and borrow USDT. Same yield source as the syrupUSDC / USDC carry (Maple's institutional-loan coupon), with a small USDC/USDT peg-mismatch overlay on the funding leg.

Hold syrupUSDC as collateral and borrow USDC. The cleanest version of the syrup carry: long Maple's yield-bearing wrapper, short the raw asset that backs it. The carry is the syrupUSDC yield (Maple senior coupon) minus the USDC borrow rate.

Hold reUSD as collateral and borrow GHO. Same reinsurance-premium yield on reUSD as the other variants; the funding leg adds a small GHO / USD basis overlay.

Hold ether.fi's weETH as collateral and borrow WETH against it. weETH wraps ETH that is staked through Lido and restaked on EigenLayer, so the position earns consensus rewards, execution tips, and restaking yield in a single wrapper. The carry is the spread between weETH's accrual rate and the WETH borrow rate. ETH-correlated assets clear into a shared e-mode bucket, which is what unlocks the high advance rate on this pair.

Hold syrupUSDT as collateral and borrow USDT. The cleanest syrupUSDT carry: long Maple's yield-bearing wrapper, short the raw asset that backs it. The carry is the syrupUSDT yield minus the USDT borrow rate.

Hold syrupUSDT as collateral and borrow USDC. Mirror of the syrupUSDC / USDT carry, on the USDT-denominated Maple pool. Same Maple coupon, slightly different USD-stable funding curve.

Hold Ethena's sUSDe as collateral and borrow USDT against it. sUSDe accrues yield from Ethena's delta-neutral basis trade (long staked ETH, short ETH perps), and the USDT debt is a USD-denominated funding leg with no FX exposure. The carry is the basis-trade yield minus the USDT borrow rate. Both legs sit inside the same Ethena e-mode bucket, which is what unlocks the high advance rate on this pair.

Hold syrupUSDC as collateral and borrow GHO. syrupUSDC is Maple Finance's yield-bearing USDC wrapper: USDC depositors fund Maple's institutional loan book and earn the senior coupon paid by over-collateralised crypto-native borrowers. The carry is that yield minus the GHO borrow rate.

Hold syrupUSDT as collateral and borrow GHO. syrupUSDT is Maple's USDT-denominated equivalent of syrupUSDC: USDT depositors fund the institutional loan book, earn the senior coupon, and the share price accrues that yield. The carry is that yield minus the GHO borrow rate.

Same Ethena sUSDe collateral as the USDT pair, funded with USDC instead. The yield engine is identical (USDe's delta-neutral basis trade flowing into sUSDe), but USDC and USDT trade on independently calibrated borrow curves, so the realised carry surfaces the spread between the two stable funding markets without changing the underlying yield exposure.

Hold sUSDe as collateral and borrow GHO. sUSDe is Ethena's yield-bearing wrapper of USDe: the protocol funds a delta-neutral basis trade (long staked ETH, short ETH perps) and pays the realised funding-rate income into the wrapper's share price. The carry is that yield minus the GHO borrow rate.