/biz/ - Business & Finance

Based thread. Kek wills.

>>19900824

Through Crypto.com or poloniex?

>>19900824
>Aave (LEND) and used the Aave (LEND) as collateral to take out a USDT loan to buy more Aave (LEND), then used that Aave (LEND) as collateral to take out another USDT loan to buy even more Aave (LEND), then used that Aave (LEND) as collateral to take out another USDT loan to buy even more Aave (LEND), then used that Aave (LEND) as collateral to take out another USDT loan to buy even more Aave (LEND), then used that Aave (LEND) as collateral to take out another USDT loan to buy even more Aave (LEND).
Aave (LEND) and used the Aave (LEND) as collateral to take out a USDT loan to buy more Aave (LEND), then used that Aave (LEND) as collateral to take out another USDT loan to buy even more Aave (LEND), then used that Aave (LEND) as collateral to take out another USDT loan to buy even more Aave (LEND), then used that Aave (LEND) as collateral to take out another USDT loan to buy even more Aave (LEND), then used that Aave (LEND) as collateral to take out another USDT loan to buy even more Aave (LEND).

me too
literally the coolest defi play right now fuck compound

>>19901129
>>19900824

Can I get a bit of background? What is your liquidation levels? Does LEND give somekind of dividend or interest? How leveraged are you? I'm all in LINK since 2017 and this is about the only other project I'm interested in. Thanks. I have thought many times about leveraging some LINK there for an over collateralized loan and getting some.

I did this as well. I went all in lend and used the lend to buy more lend to buy more lend to buy more lend to buy more lend. Not selling before coinbase listing

>>19901095
For what...to buy? UNISWAP DESU.

can we get a BIG BRAIN in here to now teach us how to do the flash loan protocol on aave? This shit is literally gonna PAMP TO THE MOON

CAN YOU FRIGGIN IMAGINE IF WE COULD DO THIS TO OUR BAGS DURING THE LAST BULL RUN? LOL!!!!!!! THIS NEXT BULL RUN GONNA BE BIGG POPPPAAA PAAAMMMPPP

CHAINLINK IS LITERALY SPEAR HEADING THE NEXT BULL RUN WE ALL GONNA MAKE IT BOYS

AAVENOMICS WILL BE ANNOUNCED SOON THEN U CAN STAKE UR LEND FOR INTERESSTTTT + UNANOUNCED GOODIES GRAB UR 10K SUICIDE STACK IMMEDIATELY

>>19900824

how much Aave (lend) do you need to make it as collatoral?

>>19900824
What the fuck am I reading? How is this sustainable?

So how would you pay this back? If it moons wouldn't the price of what you borrowed go up? And the collateral will be locked until you pay up?

>>19901478
>So how would you pay this back? If it moons wouldn't the price of what you borrowed go up? And the collateral will be locked until you pay up?
you borrow usdt and pay back in usdt.

>>19901505
Lmao this is some next level Jewish sorcery. I’m all-in.

>>19901535
>Lmao this is some next level Jewish sorcery. I’m all-in.
when the price of lend increases you can take out even more usdt loans to buy more lend to buy more lend

>>19901586
>hand rubbing intensifies

>>19901200
>>19901397
>>19901478
>>19901535
Imagine being this retarded

>>19901642
Shut it down.

Guys I'm scared

>>19901642
NGMI

>>19901642

Obviously I understand continuously re- borrowing against the new LEND you bought with a stable coin; rinse and repeat.

Well I was hoping someone would give me a quick run down and maybe explain some of the nuance or mistakes they experienced. Perhaps even gave some sources where they learned about how the platform operates in detail. Obviously I'm going to research it myself. I forgot where I was at and people like you have internalized the faggot fedora wearing "intellectual superiority" edge lord mentality.

Its clearly all you have going for you, those have actual intelligent gladly share information and don't need to play mental gymnastics to try boost their self esteem.

Its so sad, how do you live with yourself?

>>19901734

that have actual intelligence*

Honestly though someone who isn't a total faggot please offer some sources.

What happens when price of lend falls tho? Will this loan act as a margin call and liquidate your holdings?

>>19901771
Essentially. It’s kind of why I’ve actually been waiting to ride my dick on this thing. The billy whales are onboard and the dump will be massive.

>>19901771
This, under what condition s u get just ed

I'm confused about the health factor. So you can only borrow 40% of the Aave deposited right? Then I borrow Stable coin pay 7% APR. IT doesn't say how the health factor goes under 1 though. Is it just tied to the price of AAVE? So if I borrow 40% and the price goes down 10% I'm now at risk of getting liquidated unless I add that amount to cover myself or repay the loan?

The biggest problem is that it says that even stable rate can get rebalanced.

>>19900824
I'm depositing DAI to lend USDT then margin it, any profits go back to LEND and I use it as collateral.

Another play is borrowing LEND to short sell it, then buying back into LEND, and deposit the extra profits to keep your health factor above your liquidation level.

Keep building up that apr and aave will come in fucking clutch when you'll need to borrow more money

>>19901904
Careful to borrowing alts other than dai/usd though cause for example: say you borrowed ETH and used DAI as collateral. Then you swapped your ETH for a other shit token. A day later, ETH pumps 5% to 10% or some shit. If you can't pay back the ETH you borrowed in time before your health factor goes below 1.00, then youll lose your collateral

>>19902127
The whole point is to accumulate AAVE though

>>19902172
>The whole point is to accumulate AAVE though
this

>>19902127
U don’t lose it all tho right just 10% ?

>>19901397
Loans are overcollaterized, which means if he lends 10 Aave-Lend, he can only borrow 70% of the value (7 Aave-Lend) he would be rising his risk exposure by using all his leverage to loan

>>19902172
Yeah i know but buying at these levels is so fucking sketch, i'd personally just wait for when LEND goes in deep red to buy back a good sized bag. I'm just mainly on usd/dai because its easier to pay back when they always stay at $1.

Id be blown tf out if lend keeps climbing from here without dipping at least back to 10c

Stani and his brother are known russian scammers, do not fall for this shit.

This amount of shilling is not accident, they are using multiple ip-addresses, which are very cheap in Finland.

>>19902645
are you sure it's not 4 instead of 7?

>>19902741
>are you sure it's not 4 instead of 7?
40%

>>19902723
LOL. NGMI

aave is the future we wanted at the prices we don't deserve.

I wish I bought more at 2 cents. Sigh.

Golden Bull Run

Step 1. Go all in Lend.
Step 2: Use the Lend as collateral to get a USDT loan and use the USDT to buy more Lend.
Step 3. Repeat step 1 and 2 several times.
Step 4. As you buy more Lend the price of Lend increases and because you use Lend as collateral the value of your collateral increases so you can borrow more USDT to buy even more Lend

How to become a LEND millionaire:

Step 1. Buy Lend.
Step 2: Use the Lend as collateral to get a USDT loan.
Step 3. Repeat step 1 and 2 several times.
Step 4. As you buy more Lend the price of Lend increases and because you use Lend as collateral the value of your collateral increases so you can borrow more USDT to buy even more Lend.

Just finished my stack of 1 mill lend started off with 250k but kept taking more loans out against my stack to get more lend
As the price goes up you can increase your stack without increasing your chance of liquidation
Not selling any until coinbase listing

>>19903957
Coinbase as listing has already proven itself being shit price-wise look at XRO
People who know about coinbase today know about all of the other ways to buy
It’s not 2017
Adapt or die

>>19903957
>Just finished my stack of 1 mill lend started off with 250k but kept taking more loans out against my stack to get more lend
>As the price goes up you can increase your stack without increasing your chance of liquidation
>Not selling any until coinbase listing
this.

>>19901748
I havent watched any of his videos yet but apparently defi dad on youtube is based af with the new defi mechanisms

>>19903588
this and ch-c-c-c-c-hecked.

>>19902047
ULTRA I.Q. Comboooooo breakerrrrrr

>>19904032
The literal way to whaledom