> deposit link in aave
> get alink
> deposit alink in yearn vault
> take out risky stablecoin loan against link in aave
> get liquidated
> still have stablecoin
> still have alink
> exchange alink for original link amount in new account
I've doubled my stack doing this for the past few weeks and now feel happy to let Zig Forumsbros in.
> exchange alink for original link amount in new account
I don't think this is how those smart contract work
mmmm?
Going to try this, does it really work?
Yes, you need to use enough that you don't get rekt by gas fees and also balance it against the collateral limit. But taking 100% loans on $5k + is sufficient.
lol, you are such an asshole
It may be a cheating thing to do and you have to have a heart of steel to reject the aave team messages begging to reimburse them the alink given they can't access it due to being in a vault but this is a doggy dog world.
Ok I just did it. I lost my link?
That's all they deserve.
They could have developed the infrastructure for institutional investors.
Instead we get new scams for gamblers like flash loans.
If this worked you would not have stopped at doubling your Rupees. Your hole village would still be doing it until AAVE made an announcement and stopped this from happening.