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That strategy is just a round about way to increase leverage. The interest rates weren't even that crazy. I think the highest I ever saw was 10%. Most of it get
by Fargoan 4y ago
That strategy is just a round about way to increase leverage. The interest rates weren't even that crazy. I think the highest I ever saw was 10%. Most of it gets offset from staking rewards from the collateral assets. I thought it was a good way to take out collateralized loans against staked ETH. It was great until it wasn't.