The price will go up until the music stops.
DeFi and lending business is the top measure that you must look sentiment to look into when you determine investments in crypto.
However, atm as you can see we are flying! 😎
The post below is about eth/ausd farming. The interest rate is high, but there isn't much trading, so I don't feel much merit in it, and I withdrew my money.
I used the @MorphoLabs finance loan for low-risk farming with @katana farming strategy.
The strategy is simple:
I borrow ausd using my eth as collateral.
I deposit the borrowed AUSD again to farm katana.
Even if I borrow money, I can farm katana,
and even if I deposit assets, I can farm katana.
By borrowing at an interest rate of -2.61% (free money),
I deposit the borrowed @withAUSD into the vault.
This way, instead of earning 9.7 katana for every $1,000 just by depositing,
I can earn a total of about 13.4 katana by combining the rewards of 6.7 katana for borrowing and 6.7 katana for depositing.
The interesting point here is that currently, there is no interest when borrowing assets from morph. In fact, it's a negative interest...
Since it's FREE, I think there’s no loss in borrowing it for a while.
I love katana~
3.98K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.