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Monteluna
@monteluna
FYI I am not a @polymarket user because I'm an American citizen and enjoy my freedom to be told by banks what to do with money I earned, because laws (of course). But if I did, one of the major issues has been lack of yield bearing tokens and the opportunity cost of locking cash into it to make predictions. Surprisingly almost no one discusses using Alchemix.fi for this, which is kind of shocking since there's almost 3 years of the product working in favor of borrowers and lenders. I just don't know why people aren't discussing Alchemix more as a way to engage in leveraged DeFi products. 1. Deposit USD yield bearing tokens. Withdraw alUSD. 2. Sell the alUSD for USDC, then deposit the USDC into Polymarket. Now you have a yield bearing position that you borrowed against, and have funds for Polymarket. The LTV is around 50% (You need $1000 to borrow $500), but you at least have general defi yields. P.S. I am not a holder of Alchemix governance tokens btw. Just a general user of DeFi. nfa dyor.
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anett.eth
@anett
Just wait until /last launch! A tons of opportunities for yield bearing assets, earning yield, builders and users getting paid. Study cube https://last.net/
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Monteluna
@monteluna
Interesting!
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