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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 ✈️🌐✨
@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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