Content
@
0 reply
0 recast
0 reaction
Kieran Daniels 🎩
@kdaniels.eth
1 reply
0 recast
1 reaction
hawaii
@ihawaii.eth
oh, never mind... it’s a borrowing platform, not a supplying one.. should've paid attention 😜
2 replies
0 recast
1 reaction
Kieran Daniels 🎩
@kdaniels.eth
Ya exactly. Where @teller comes into play here is you can use your $degen as collateral to get $usdc and then use that $USDC for whatever you want like buying spot or yield farming. As long as you repay to loan on time you will receive 100% of your collateral back, even if the price tanks. If the price goes up then you got free money. People often use this to “loop”. You use degen to get usdc to buy more degen to get more usdc etc. That’s riskier and leverage that requires unwinding, but a normal loan is just like a cash advance or line of credit.
1 reply
1 recast
4 reactions
hawaii
@ihawaii.eth
i see..."loop" sounds really good tho haha
1 reply
0 recast
0 reaction
TTBoyCrypto
@ttboycrypto
looping is a alpha strategy tbh 🧠 Especially looping DeFi tokens in bull markets. Example: JLP, Jupiter (solana Dex), liquidity provider token. You can earn yield on it while looping to generate 3-5x yield by borrowing stables to increase size. Also helps that token value is increasing
1 reply
0 recast
2 reactions
Kieran Daniels 🎩
@kdaniels.eth
🎯
0 reply
0 recast
1 reaction
