Review and evidence

Strategy comparison

Same capital, same horizon, same mainnet snapshot. Lending rates held constant (simple, not compounded); LP fees are a realised short window extrapolated linearly. Neither is a forecast. Analysis only.

Snapshot #224266341

demo-500: $153.00 over 30 days

wallet 30 wNEAR ($90) + 50 USDt ($50); Burrow collateral 120 wNEAR ($360); debt 200 USDt. Gross $500, net $300.

Net return after fees, IL, gas and slippage

Swap wNEAR to USDC via #4512, supply to Burrow

$0.63

Hold the capital as it is (no yield, price exposure only)

$0.00

Supply the capital to Burrow in wNEAR (no swap)

−$0.06

Current structure: keep the Burrow position (collateral carry minus debt cost)

−$2.46

Best Rhea LP entry

n/a

Strategy	Gross	Fees	Rewards	IL	Gas	Slippage	Net	Confidence	Liquidity risk
Swap wNEAR to USDC via #4512, supply to Burrow	$1.25	$0.00	$0.00	$0.00	$0.15	$0.47	$0.63	Medium	Burrow utilisation; stablecoin peg
Hold the capital as it is (no yield, price exposure only)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	High	none
Supply the capital to Burrow in wNEAR (no swap)	$0.04	$0.00	$0.00	$0.00	$0.10	$0.00	−$0.06	Medium	Burrow utilisation (see market)
Current structure: keep the Burrow position (collateral carry minus debt cost)	$0.11	$0.00	$0.00	$0.00	$0.00	$0.00	−$2.46	Medium	liquidation risk of the existing loan (see Guardian)
Best Rhea LP entry	—	$0.00	$0.00	$0.00	$0.00	$0.00	—	—	see pool

demo-5000: $1,629.89 over 30 days

wallet 300 wNEAR ($900) + 600 USDt ($600); Burrow collateral 1150 wNEAR ($3450), supplied 50 USDt ($50); debt 2000 USDt. Gross $5000, net $3000.