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Greetings! π
Letβs explore the lending platform AAVE.
You can deposit your assets and take others. I deposited 2.6 ETH and 47 USDC. π΅ Interest rates are high, but the actual rate on ETH is 1-3% due to market volatility. π Many take ETH as collateral, increasing demand and rates.
The interest rate on 3523 USDC is 4.6%, depending on market conditions.
With $3,500, π° I invest in other platforms, liquidity pools, and staking, earning returns from 40% to 200%. Higher risk leads to higher returns, while keeping diversification in mind.
My Health Factor is 1.45. If ETH drops, it may decrease, risking my 2.6 ETH. β οΈ I aim for a minimum of 1.3, while beginners should keep it around 2.0.
Why use a lending market if we earn on part of our assets? π€ Because itβs a strategy to accumulate a strong asset β ETH. I want to accumulate, not sell, my ETH. π
This is a passive income strategy with high returns and some risk, serving as an alternative to traditional investment systems. π‘ 0 reply
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