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Content
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https://warpcast.com/~/channel/crypto
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
Cast 7 : lending and borrowing In crypto, like all financial markets, you can both lend and borrow, with a very big difference Without needing to trust other people and through smart contract 👇
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
So how is this possible and how can we use it? There are platforms for this work, such as @aave And @compoundfinance In these platforms, you can lend your assets to others and receive interest Or get a loan with collateral Now let's break it down 👇
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
The first mode of lending: it is very simple, you lock your assets in these platforms if they are accepted by these platforms, and other people take loans and return to the system with the profit that is already known, and you withdraw your assets with your profit.👇
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
The attractive mode of borrowing If you want to borrow something, you need to put collateral Now I will use it as an example You bought 20 ethereum at the price floor of $1000 and your prediction is that the price of ethereum will increase In order to make more profit from Hold Ether, you can do this... 👇
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
You put your 20 Ethereum in aave as collateral and you can borrow up to 70% of it. You borrow 10k Tether from the system Now you go and buy another 10 ethereum Now you owe the system 10k Tether and own 10 Ethereum Now there are 2 good and bad modes 👇
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
Good situation: the price of ether is 1800 dollars, you sell 10 of your ethereum 10 x 1800 = 18000 Now we are going to pay the debt and interest, the percentage of which is specific, and I calculated 2% here 10000+2%=10200 18000-10200=7800$ I paid my debt, I made a profit of 7800 dollars, and I got 20 Ether back
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
If I had held my own 20 ether, I would have made 7800 dollars less profit Now the bad situation: The price of Ethereum is falling My debt to the system is 10,000 dollars When receiving a loan, the system informs me that if the price reaches 550, for example, my position will be liquidated Why is this happening now?
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
The system is managed by dao, and dao's job is to prevent system damage After Dao's calculations, it comes to the conclusion that the securities must be liquidated by a certain percentage so that the system does not lose because if it does, it will be punished. Well, now they say that if the price is 550, to avoid..
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
We will auction your collateral from losing the system, and your remaining 20 ethers will be auctioned for 11k. A series of people are waiting to buy these bonds and participate in the auction and bid, and the highest price that is offered after 15 minutes, if there is no bid, is the winner of the auction.
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
Now, if the bids reach 11k, the system will see that the debt has been paid, and now the auction will be reversed in such a way that for the 11k that is going to be offered, someone will ask for less Ethereum, for example ....
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
19.99 ether instead of 20, and this will continue until 15 minutes from the last bid. Let it pass and the winner of the bail will be determined
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
The punishment for dao is that if they make a loss, the token will be released from the system governance and sold in the market to compensate for the budget deficit, which will cause the price to fall and damage to the holders who are dao.
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
If they make a profit, they buy the tokens from the market and put them in the system fund, and pump the token and the profit of the holders, which are the dao. Now, if you anticipate a drop, put 20k Tether and borrow 10 Ether and sell quickly. Now you owe 10 ether to the system and 10k money...
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Mikaweil1 ✈️🌐✨ pfp
Mikaweil1 ✈️🌐✨
@mikaweil1
After it drops to 500 you have to buy 10 ether 10x500+2%=5100 10000-5100=4900 I'm sorry it took so long, but I explained it almost completely and told you how to use it so that you can use it I hope it is useful for you ❤️ ❤️ ❤️
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MeowMatrix pfp
MeowMatrix
@pezhi
It is very good that they give loans without trust🎯
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Alireza 🎭 pfp
Alireza 🎭
@alirezavk
Thanks for a good information
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nimauav9🔵🎩🍖 pfp
nimauav9🔵🎩🍖
@nimauav9
wow thats smart , 4 $DEGEN
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Mr Z🔹 pfp
Mr Z🔹
@3z
I use it
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Setia👨🏻‍🚒 pfp
Setia👨🏻‍🚒
@setia
Good 👍🏻
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Marizi pfp
Marizi
@marizi
👏🏻👍🏻👏🏻
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