It’s variable based on supply and demand in the ecosystem. It changes all the time. That’s the highest it really gets. It may be 5% in an hour or so.
I like 0% for a standard loan, but doesn’t look like I can utilize the platform how I use AAVE. I swap my loaned collateral to put myself into a short position which pays off the loan so the interest doesn’t really matter because I am actively trading it and beating it.
I’ll have to make a full post about my new strategy. It works pretty well and is how I have been making my living lately, haha. Basically long swing long trades on my supply and short term short trades on the loans to pay them off.
I swap my loaned collateral to put myself into a short position.
I'm not sure why you can't do this with ThorChain.
Deposit BTC or ETH collateral and then borrow stable coins.
Transfer the stable coins to a CEX to margin trade or just hold them to buy the dip later.
What am I missing?
Because I can do it all in one place without having to move things around. It works for me. I don’t feel like I need to change anything at this point. I am narrowing my focus and it’s paying off
I was actually extremely impressed with the AAVE upgrades in the fact that I can do all that in one spot. And on Polygon, gas is cheap as shit. Plus… I can go from Hive to Matic with Tribaldex, so it’s pretty streamlined for me.
I see where the Thorswap no liquidation thing would come into play for long term holdings. I would love to see them add some other chains like LTC too.
It’s variable based on supply and demand in the ecosystem. It changes all the time. That’s the highest it really gets. It may be 5% in an hour or so.
I like 0% for a standard loan, but doesn’t look like I can utilize the platform how I use AAVE. I swap my loaned collateral to put myself into a short position which pays off the loan so the interest doesn’t really matter because I am actively trading it and beating it.
I’ll have to make a full post about my new strategy. It works pretty well and is how I have been making my living lately, haha. Basically long swing long trades on my supply and short term short trades on the loans to pay them off.
I'm not sure why you can't do this with ThorChain.
Deposit BTC or ETH collateral and then borrow stable coins.
Transfer the stable coins to a CEX to margin trade or just hold them to buy the dip later.
What am I missing?
Because I can do it all in one place without having to move things around. It works for me. I don’t feel like I need to change anything at this point. I am narrowing my focus and it’s paying off
Yeah makes sense.
I'm going to be using it for long term holds.
Maybe a year long bet.
I was actually extremely impressed with the AAVE upgrades in the fact that I can do all that in one spot. And on Polygon, gas is cheap as shit. Plus… I can go from Hive to Matic with Tribaldex, so it’s pretty streamlined for me.
I see where the Thorswap no liquidation thing would come into play for long term holdings. I would love to see them add some other chains like LTC too.