This is a once in a lifetime space that should continue and grow for years. you'd suspect it will be cucked by regulators, but they literally can't stop it. for instance, from CL god :
Deposit $LINK to LEND
Use as collateral to borrow $WBTC Deposit $WBTC to @CurveFinance
Recieve $crvRenWSBTC LP token This LP token is 36% $renBTC, 25% $wBTC, 39% $sBTC Stake pool token on @synthetix_io
Farm $SNX $REN $BAL & $CRV
there are so many more instances of this and it's only beginning to heat up. we're in like 5% of a 100% full speed run. stop fucking around and learn while its just, realisticaly, a few nerds.
Its too complicated and I dont care I dont want to risk my oldfag 100k stack
David Wright
Dude you don’t have a stack. Otherwise you’d know it would be *stupid* to NOT leverage 4% of your stack and play promising shitcoins. That’s $10k+ you can play long shots and your stack is safe. Ergo, I know you’re a poorfag larper
Christian Barnes
I dont care about shitcoins I will never sell
Eli Nguyen
based
Jordan Price
Link’s a shitcoin retard. All non-btc is a “shitcoin.” What I meant is obviously you should leverage 5% of the 100k stack (that you don’t have) to put in less mature promising investmens
search the warosu there's tons of good crumbs, or join the discord + telegrams
Isaac Edwards
assuming link grows at a rate much higher than your apr and potential shitcoin losses it makes complete sense.
James Cox
MONEY L E G O S
Luis Perry
Actually try using it too throw 20 bucks in and you'll probably get the feeling that this is literally going to be the next big thing try to resist the all in fomo feeling, DCA in
Josiah Cox
Once you start tinkering, then you know. It's an amazing wormhole.
Jayden Ross
Can i withdraw my borrowed assets from aave platform?
Josiah Barnes
Yes
Dylan Brooks
Just took out a loan to buy DMG and I'll pay back on monday. So many possibilities.
Justin Rodriguez
Yeah AAVE is fucking based just be careful not to get liquidated. I'm so happy I found this.
Brayden Baker
Platforms like aave will cause an fucking insane bull run very soon.
Dominic Roberts
Yeah i'm thinking that
Levi Williams
Good move user
William Mitchell
I took a look at some of the bigger projects and it fucking hit me. Crypto will be insanely huge so fast, projects like aave and crypto.com are so fucking normie friendly that all you need to do is open their website and you want to buy crypto. For the first time ever i actually fucking believe 100% that crypto will be one of the biggest things ever. The projects that started 2016-2019 are now starting to deliver fully working systems and once normies realize that it wasnt just bullshit the run will be fucking absurd.
Hunter White
How do I deal with taxes with the amount of ass fuckery going on here? I'm doing some reading now, sounds interesting but I have some foundational questions
1. Who is benefiting when I deposit LINK to LEND? People who are trying to borrow LINK? If so, why are people borrowing LINK and not just buying it?
2.when I deposit WBTC from AAVE to Curve, who is then using WBTC from Curve?
3. Why is that LP token so convoluted? What does staking it do? Who's benefiting off of it being staked?
I'm just confused as to what the alternate process/position is that you're investing against.
t. a retarded burger who's trying to figure this shit out
