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For most of these providers, you earn interest on your collateral too. Example 1) lend USDC for 25% interest on Venus.io. Borrow DOT at 3-4% interest. Stake DO
by webinvest 5y ago
For most of these providers, you earn interest on your collateral too.
Example 1) lend USDC for 25% interest on Venus.io. Borrow DOT at 3-4% interest. Stake DOT for 12% interest and collect the difference.
Example 2) Lend USDC for 25% at Venus.io. Borrow BUSD for 12% interest. Trade the BUSD for USDC 1:1. Lend that USDC to borrow more BUSD. Repeat until you max out you reserve ratio.
Venus is a fork of Compound and MakerDao.