A lot of people that haven't looked at these money markets for awhile don't realize a lot of products have expanded to a lot more chains. One platform might be paying a lower rate and some will be paying a higher rate. For instance on the Binance Smart Chain you can use Aave to post collateral in tokenized ETH on the BSC and then you can borrow USDC against that for 10%. You can take that USDC over to Venus and post it as collateral and earn 23% right now so you are making a good spread at that point. Then you can take that USDC and buy assets like DOGE, BNB, Matic, TRON, Bitcoin....etc and post them as collateral. There are all kinds of plays like this to where you can build out a portfolio and leverage your assets to earn a spread and buy more assets.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!
If you enjoyed what you read here, create your account today and start earning FREE BLURT!
I did rly well on aave last time it was one of my main holdings this time it’s Pepe leading the show 😂