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@baseddesigner.eth
I want to try borrowing 750 USDC, I have ETH How much ETH do I need to borrow that amount? What's the most user friendly way to make it happen? morpho? doesn't show estimates until you send ETH and wrap and in the end, if ETH price goes up, I'd still need to return 750 USDC?
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Sean Brennan
@seanwbren
use aave, and to be safe you'd want double the amount you borrow. So $1500 or more to be extra safe. You'll always need to repay the $750 in order to get your eth collateral back.
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Pedro
@pedrowww
+ interest
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@baseddesigner.eth
how much is the interest
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Pedro
@pedrowww
Depends on the platform.
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rainbowpuffpuff
@rainbowpuffpuff
it shows on the UI when you do it, 2.58% per year right now, last year it went to max 4.5%
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MrGox
@mistergox.eth
You donβt really know on aave bcos the interest rate fluctuates depending on demand. You can check the current rate on the website but it is possible for it to change Itβs usually around 4-5%
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