Content
@
0 reply
0 recast
0 reaction
max ↑🎩
@baseddesigner.eth
I want to try borrowing 750 USDC, I have ETH How much ETH do I need to borrow that amount? What's the most user friendly way to make it happen? morpho? doesn't show estimates until you send ETH and wrap and in the end, if ETH price goes up, I'd still need to return 750 USDC?
7 replies
0 recast
4 reactions
Sean Brennan
@seanwbren
use aave, and to be safe you'd want double the amount you borrow. So $1500 or more to be extra safe. You'll always need to repay the $750 in order to get your eth collateral back.
1 reply
0 recast
2 reactions
Pedro
@pedrowww
+ interest
1 reply
0 recast
1 reaction
max ↑🎩
@baseddesigner.eth
how much is the interest
3 replies
0 recast
0 reaction
Pedro
@pedrowww
Depends on the platform.
1 reply
0 recast
0 reaction
Sean Brennan
@seanwbren
@baseddesigner.eth I used defillama for the first time in a while, you can look at https://defillama.com/borrow?borrow=USDC&collateral=ETH&incentives=true the images show the safe or the "degen" rates, and borrowing on morpho blue or moonwell will give you positive interest instead of paying interest, due to incentives. im bullish on moonwell but haven't used any of these in a long time.
1 reply
0 recast
1 reaction
