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Jennifer Tran
@jennifertran
A step-by-step guide on how to not be a crypto loan shark by SharkyFi 🧵 (1/6) Only good DeFi sharks on @Solana are allowed 🦈 https://sharky.fi/
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Jennifer Tran
@jennifertran
(2/6) Step 1: Connect your Solana wallet to lend, borrow, and earn Sharky Points. 👛 Ensure at least $100 in USDC for lending and $100 in tokens for borrowing. Earn Sharky Points for actions like wallet connections, which can be exchanged for $FISHY. https://sharky.fi
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Jennifer Tran
@jennifertran
(3/6) Step 2: Let other sharks borrow your tokens on Solana. 🫴 Create a loan offer by choosing a token, setting the amount to lend, and specifying your desired loan-to-value ratio, which is the collateral percentage the borrower must provide. https://sharky.fi/token/lend
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Jennifer Tran
@jennifertran
(4/6) Step 3: Borrow from other good DeFi sharks. 🫳 Borrow tokens by providing collateral at a specific Loan-to-Value (LTV) ratio. SharkyFi will give you the best offer. Ex. 86% LTV on a $100 loan, deposit up to $86 in tokens on Solana. https://sharky.fi/token/lend
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