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Pike

@pikefinance

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553 Followers
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@pikefinance
9/ *This educational content prepared by community members is for educational purposes only and not financial advice. If you spot any inaccuracies, let us know!
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8/ Borrowing in DeFi can be a powerful tool when used wisely. Want to learn more? Dive into the full blog here - https://community.pike.finance/the-key-point-for-borrowers
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7/ ETH drops to $625, collateral = $1,250, Health Factor = 1. Liquidation hits: 1.84 ETH sold to cover $1,000 + 15% penalty. You’re left with 0.16 ETH. Act fast next time!
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6/ Example: You deposit 2 ETH ($4,000), borrow $1,000. Health Factor = 3.2 (safe). ETH falls to $1,000 each, collateral = $2,000, Health Factor = 1.6 (risky).
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5/ How to Avoid Liquidation: • Borrow less • Track prices • Diversify collateral • Use stablecoins • Add collateral or repay debt during downturns
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4/ Price Volatility: Crypto prices can crash fast. If your collateral drops, so does your Health Factor. Pick stable assets or stay vigilant. Liquidation Penalty: Get liquidated, and you’ll pay 5-15% extra on top of losing collateral. It’s a pricey lesson—avoid it!
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3/ Health Factor: Your loan’s safety score. Above 1 = safe, below 1 = risk of liquidation. Keep it high to stay out of trouble! Liquidation Threshold: The line where your collateral stops covering your debt. Each asset has one (e.g., 80% for ETH). Don’t cross it!
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2/ What’s liquidation in DeFi? When your collateral’s value falls too low, the protocol sells it to repay your loan. It protects lenders but can sting borrowers.
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Borrowing in DeFi can boost your crypto game, but beware: liquidation risk is real. Know it to borrow wisely and keep your assets safe. Let’s break it down! (1/11)🧵
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3/ End tweet
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2/ If you’re qualified, we’ve already granted you access to the #testnet channel in Discord. Head over to the #testnet channel in Discord for further instructions. Thank you for being apart of this transformative journey.
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Pike Private Testnet is LIVE on Sonic! 🚀 Qualified participants, check your access & start testing now. Your feedback will shape the future of cross‑chain DeFi. #DeFi https://docs.google.com/spreadsheets/d/1-1U0Ro826PGgkhlFG53GhdBRBnV7S2ZhYNRA7yr7KcY/edit?usp=sharing
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7/ End tweet
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6/ Ready to join? - Apply now: https://app.deform.cc/form/81b597ca-04fb-4e9f-aba7-6dd1efa53ce6 - Deadline: April 7th, 00:00 UTC - Stay connected: https://discord.gg/pikefinance Read more - https://mirror.xyz/pikedao.eth/8ZpQ8BBx6aN58eWVEXjuX0OyG2F5vfUlQTBc_Q6Bpsc
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5/ Sonic fans, DeFi innovators, and experienced testers, this is for you! Your feedback will shape our public launch. Limited spots—apply now!
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4/ Sonic joins the testnet with fast, cheap transactions. Core features: Supply, Borrow, Repay, Withdraw with USDC, WETH, wstETH. More updates soon!
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3/ Pike isn’t just lending Pike is a modular money market with built-in DEX capabilities delivering superior capital efficiency for lenders, borrowers, and traders.
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2/ Phase 2 is our proving ground. Sonic’s speed, scalability, and DeFi focus align with Pike’s goal: low-cost, efficient lending across chains. We’re stress-testing for mainnet.
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Pike Private Testnet Phase 2 expansion is here! We’re integrating Sonic, a blazing-fast blockchain to supercharge our multichain lending vision. Limited spots are available, apply now. (1/7)🧵
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9/ *This educational content prepared by community members is for educational purposes only and not financial advice. If you spot any inaccuracies, let us know!
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