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Do you have any practical DeFI resources you can share around this? I imagine you need to be brave enough to have a fair amount of $$$ tied up in ETH to take ad
by twox2 6y ago
Do you have any practical DeFI resources you can share around this? I imagine you need to be brave enough to have a fair amount of $$$ tied up in ETH to take advantage of these opportunities as well. Are there not substantial risks with that?
- capnorange 6y ago> Do you have any practical DeFI resources you can share around this? I would suggest reading about the popular Defi apps directly from website, use Twitter. bankless.substack.com is popular among this crowd. > I imagine you need to be brave enough to have a fair amount of $$$ tied up in ETH I only maintain exposure to USDC stable coin most of the time except during executing opportunities which usually completes in a couple of transactions. DeFi also allows for capital less trades, eg: you can borrow $100,000 worth of USDC with no collateral for $90 using flash loans. One strategy is described here - https://blog.instadapp.io/six-percent-instant-return/ https://blog.instadapp.io/six-percent-instant-return/
- twox2 6y agoThanks!