Aave is fucking insane. now you can leverage liquidity pools lol
DELETE THIS
if they really are going to be the first defi platform to integrate renBTC it is quite possible we never have to work again.
pic related.
How many rupee to retire?
yeah of course what else would I do with my liquidity tokens. instead of removing them from the pool with a profit I can just gamble with them and getting liquidated.
can somebody explain this for a brainlet and why i should buy it
-Deposit liquidity tokens into Avee
-Always maintain a high health factor (above 3.0) so you avoid getting liquidated
-Take out loan on sUSD and add it to the Curve sUSD pool for those juice SNX rewards
You earn SNX rewards while earning tokens for providing liquidity on uniswap.
There's other things you can do to earn a higher yield, but i'll just leave you guys with this free alpha for now.
Don't deposit APY, frens
uniswap is a dex with insanely low fees that allows anyone to contribute liquidity and get rewards. They just have to deposit half eth / half an erc20 token into the pool and anytime someone swaps in or out of the erc20 token the liquidity provider gets rewards. The way uniswap knows you're a liquidity provider is it gives you a pool token ie: UNI LINK/ETH.
Now aave lets you leverage those pool tokens for more pool tokens. If you keep leveraging you can more than double your pool tokens, while getting rewards from providing liquidity.
It is bonkers. They are about to integrate set tokens(tokenized swing/algo strategies) next. Imagine leveraging an ETH swing trading token lol
This is fucking stupid
can someone explain this to a brainlet even dumber than
buy lend (aave)
Uniswap is dog shit when you are moving more then 100$.
So how do I profit from this? Leverage USDC pool tokens?
hmmm.. interesting
no he's right, thats literally free alpha. something you do once and check upon in a year or so, not 10 times a day
here is a dev explaining it
medium.com
Alright, I have 20k LEND on a whim, how much more of this shit do I need?
I know you don't know yet how stupid you sound, but in time you will get it.
that is because you are trading shitcoins no one wants to buy. You know how I know you're a ghostie?
We're all gonna make it
Where do I buy?
Binance has the most volume and liquidity
1inch.exchange or uniswap are both good
ok faggots give me the bogdown on aave aka lend right?
what are the tokenomics on this shit. how do i make profit holding the shitcoin.
Anyone have a good shill pasta for aave
you notice how you had two shills ready to reply as soon as you asked. dont buy this shit
How would you pay back? Technically it’s still gambling though when you leverage these tokens. What if someone dūmp eet and it crashes, you will be btfo Esp since leveraging there is an interest you need to account for right?
how do we actually use ave though? how does pumping your shitcoin make money with aave
Withdraw from curve to stablecoin and repay loan if you’re at risk of liquidation
youtube.com
I learned from chris blec's tutorial
free money's but okay.
you would need to check the APR % on the sUSD you borrowed. You would also need to be up to date with synthetix since they change up incentives every so often.
use snx.tools and go to rewards calculator
You withdraw the sUSD from the Curve sUSD liquidity pool. You are not leveraging since you never trade your sUSD for another token
does aave use chainlink oracles
yes
yes