Wait till everybody figures you can borrow from Duck for beautiful cash/carry.

Borrow @ 5.5 % AND
LEND out USDT to Aave (9-12%+) OR
LEND 3pool yearn vault 13.5% OR
LEND USDP yearn vault 30%
Of note: there are fees moving things around. Breakeven is generally 1 week for fees (deposit/withdraw to curve + gas)
Imagine choosing Chase bank at 0.01% over this.
Another alternative is kucoin. They are paying 25-30% on USDT

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More from @BowTiedDuck

3 May
*Autist Alert*

Duck Unit Protoccol coingecko.com/en/coins/unit-…

Page 1

- MakerDao for Shtcoins= Digital Collateralized Pawnshop for Coins
- DEGENS want more LEVERAGE + COLLATERAL options
- Cheap, Fixed-rate Interest ranging from 5.5% (BTC/ETH/YFI) to 12% (Shtcoins)
Page 2

- Generates fees in UP and Down Markets. DUCK= ANTIFRAGILE BUSINESS MODEL!
- Major Risks=
1) 30% overnight market drop in Large Caps, 50% overnight drop in shitcoins
2) Smart contract bug
3) Oracle risk (reduced risk since switching to Chainlink in April 2021)
Page 3

Thesis for 🔼 Cash-Flow :

1) Market and User Growth driven by CHEAP STABLE BORROWS. ( 5.5 % for BTC/ETH/YFI. 8% for BNB/LINK. 10-12% for Shitcoins)

2) Increased # of Yield Farmers as DeFI enters mainstream

3) DEGEN TAX(Liquidations) on DEGENS/NOOBS who overleverage
Read 9 tweets

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