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🧵#OnlyOnAave Case Study Day 14.
TLDR: $195k PROFIT.
150k $ampl borrowed
FEES = 49k ampl / In $s = $68k
= 126k ampl profit / In $s = $195k profit, in 14 days.
This is AFTER fees of 680k (the 180k% $aave APY)
<3 to $aave @AaveAave
$usdc $dai $susd $ohm #ohmies $terra $fei
TLDR: $195k PROFIT.
150k $ampl borrowed
FEES = 49k ampl / In $s = $68k
= 126k ampl profit / In $s = $195k profit, in 14 days.
This is AFTER fees of 680k (the 180k% $aave APY)
<3 to $aave @AaveAave
$usdc $dai $susd $ohm #ohmies $terra $fei
Its important to note that the $ price of $ampl fell during the last 24 hours from $1.70 to $1.50 approx.
So yesterday I had 116k $ampl profit at $205k $ profit.
Today I have 126k $ampl profit at $195k $ profit.
How!?... >
So yesterday I had 116k $ampl profit at $205k $ profit.
Today I have 126k $ampl profit at $195k $ profit.
How!?... >
How?!
You pay a rate of 180k% apy to lenders of $ampl on $aave @AaveAave
You are borrowing exposure to rebase - while the lender earns fees of up to 180k% from you.
In the short term, today's rebase was 4.561%. This is ONE BILLION % APY.
You pay a rate of 180k% apy to lenders of $ampl on $aave @AaveAave
You are borrowing exposure to rebase - while the lender earns fees of up to 180k% from you.
In the short term, today's rebase was 4.561%. This is ONE BILLION % APY.
