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/biz/ - Business & Finance


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26135912 No.26135912 [Reply] [Original]

>borrow 100k from aave as usdc loan
>deposit on keeperdao for 60% interest
>thats 1.2k per week
>if price of my collateral starts to drop too close to liquidation just take usdc from keeperdao and deposit back to aave
whats the downside here?

>> No.26135995

did the same with LINK

>> No.26136033

>>26135912
don't teach plebs how to defi you fucking putz

>> No.26136087 [DELETED] 

Sage and delete

>> No.26136271

so defi is a scam, neat

>> No.26136393

>>26135912
>whats the downside here
Taxes

>> No.26136434
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26136434

>>26135912
rug pulled

>> No.26136691
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26136691

>>26136434
that doesnt sound fun
how do i find out if its going to rug pull if im too brainlet to read the code myself

>> No.26136693

>>26135912
Downside that it ends on feb 1

>> No.26136866

how much can you borrow from aave against your collateral?

>> No.26136987

>>26136693
what does?

>> No.26137051
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26137051

Can someone explain this to an absolute retard why I as a poorfag should not attempt this

>> No.26137089

>>26136987
Keeperdao farming. So basically you're paying deposit penalty and only being able to farm for a couple weeks.

>> No.26137101

>>26137051
Dont fucking do it, youre not going to make any money when you factor gas fees

>> No.26137165

>>26135912
>100k loan
What the FUCK is your collateral? Holy shit lmao

>> No.26137234

>>26136691
Then you should t be doing this shit. Don’t fl for the posts of retards being succsefull. Some of them only made 10$ And brag about it. It sucks to miss out on shit but it sucks worse to lose. I lost 6k link doing this on aave

>> No.26137273

>>26137101
Also this. You need a lot of money to be able to make this profitable.