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Jacek.degen.eth 🎩 pfp
Jacek.degen.eth 🎩
@jacek
Exploring a Degen lend/borrow market on @seamless! Interested in your thoughts - would you use it? It could offer ultra Degen leverage: lend Degen, get USDC, and secure more Degen. Feedback welcome!
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wake pfp
wake
@wake.eth
Not familiar. How does @seamless differ from our current options? For anyone unfamiliar, those are: @timeswap @teller @astaria Apologies if I missed any.
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ace pfp
ace
@ace
tips feel like a promise of future payment, so there are a lot of way to get creative with it
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BrixBountyFarm 🎩 pfp
BrixBountyFarm 🎩
@brixbounty
hmm. I think the issue with leverage is that it leads to price inflation which is really hard to sustain. thought I'm not entirely sure it leads to good decision making on such volatile assets, yet as they mature it will be a necessity on a number of fronts. just need to auto mint an NFT when someone gets liquidated.
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BennyJ504 🎩🔵 pfp
BennyJ504 🎩🔵
@bennyj504
Definitely would use, already took out a loan on my Degen last week
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OⓂ️id 🎩 pfp
OⓂ️id 🎩
@omidxyz
can we deposite all Degens of my wallet or should remain 10K for daily allowance ?
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helladj™ pfp
helladj™
@helladj.eth
I AM LEVERAGE
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taproot.base.eth pfp
taproot.base.eth
@taproot
Yes please i could lend them and get rewards.
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Brock The Breadcat pfp
Brock The Breadcat
@breadcat
degen is in the name. let us lend!
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sgt_slaughtermelon🎩 pfp
sgt_slaughtermelon🎩
@sgt-sl8termelon
Did you talk to the people at @astaria that have $degen loans going back and forth?
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Json🎩🐹🫂🧾 pfp
Json🎩🐹🫂🧾
@jy3d
With cheap gas just have the loops be one click, too hard to unwind positions like on aave
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Rico IS Here 🦊 🎩 pfp
Rico IS Here 🦊 🎩
@ricoxy
Asides usdc, can we borrow let's say base eth against our $Degen?
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agusti 🐘 pfp
agusti 🐘
@bleu.eth
i feel like i would use it yeah
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Rani pfp
Rani
@4484
lending is the backbone of any economy
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Garrett pfp
Garrett
@garrett
you can already do this with @astaria
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stikk.base.eth 🎩 🌐☝️ pfp
stikk.base.eth 🎩 🌐☝️
@stikk.eth
@jacek has become impossible to watch my feed, people mindlessly post some posts, there is some crazy race for degens, we need to take measures, I’m upset 😢
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kia pfp
kia
@kia
i think of 'tips' as a futures contract a liquid market for borrowing DEGEN would be very beneficial for scaling commerce on top of DEGEN. cc: @joseph.eth
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Samir 🎩 pfp
Samir 🎩
@0xsamir
users would need to be very cautious. High leverage can lead to substantial gains, but it also the risk of equally significant losses, esp in volatile market conditions. It’s essential for users to understand the terms, the risks involved, or it is better to put limits that control loss to be acceptable
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Seamless Protocol pfp
Seamless Protocol
@seamless
Let’s gooo
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jon pfp
jon
@sweetleaf.eth
100% Having a lending market is absolutely necessary for a thriving DeFi landscape. Even if users don't directly interact with it (they will), it provides a very important primitive for other dapps to build on top of to provide perps, flashloans, and other more abstract protocols.
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