Stake BAYC on ParaSpace staking pool

ParaSpace staking pool seems like a very convenient staking option for our BAYC-only. I am currently staking a BAYC and a MAYC there. On my BAYC I am net earning 77%. With the BAYC "borrow ape and stake" function, we can effectively borrow the full 10,094 $APE at a current APY of 178% and earn 255% APY on the package (net ~77% apy). By default, once BAYC earns 200 $APE (255% apy) para.space automatically withdraws the $ape and pays down the loan. There is a setting that allows us to "auto sell" a portion of the $APE. I recommend we auto sell 20% which would auto sell for USDC and deposit in their "usdc money market pool" earning 10apy%. The 20% auto sell is just a recommendation and should not be considered part of the proposal. I mention it just because I'm impressed how much thought they put into the functionality here.

Since our loan on the BAYC is denominated in $APE and we are staking the $APE we don't race liquidation risk according to them. If BAYC goes down in $APE terms, they will auto repay the $APE loan with our $APE and we would need to simply pay down any additional interest owed which I think would be very manageable.

Risks: Protocol risk -- inevitable imo. I'm taking the risk myself though. Rates become unattractive -- we vote to unstake Rates become super unattractive super quick -- we may wind up owning a bit of interest, but I don't think it will be a ton and we won't lose the BAYC.