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For anyone that is willing to engage in DeFi: AAVE on polygon currently has USDT borrowing at 3.75% with 4.74% being returned as MATIC to incentivize borrowing
by X6S1x6Okd1st 5y ago
For anyone that is willing to engage in DeFi:
AAVE on polygon currently has USDT borrowing at 3.75% with 4.74% being returned as MATIC to incentivize borrowing & lending.
You can borrow up to 50% of your locked collateral.
So if you deposit 1 ETH into AAVE you can borrow 1.5k USDT
Trade that USDT for ETH & deposit it back in AAVE.
You are now shorting USDT and long on ETH for only 3.5% APY.