Thread by @Degenalpha1

Have you ever wished you could get paid to take out a loan? thread coming soon $AAVE $AVAX

OKAY this is an easy one! Get paid to take out a loan on aave.com -
This is a decent strategy if your stuck between two different assets, or simply want to compound gains let me explain;

for this example we will be using AAVE on the Avalanche Network! Simply plug in the Avalanche info found here -> support.avax.network/en/articles/46…

Step #1: Deposit your asset on $AAVE -
Make sure to check the list of assets available to deposit. You're going to want to chose an asset that has a high enough market cap like $ETH, to keep the volatility to a minimum.

Step #2: Take out a loan against your asset -
Chose your stablecoin of choice, $DAI $USDT or $USDC.

Step #3: Your Health Factor -
This is the important part! As you do not want to get liquidated. ( AAVE sells your asset) You're going to want to keep a HIGH health factor. I shoot for 2.5 ( for the riskier degens you play around with it)

Step #4: A couple different things I like to do here -
If I'm expecting more bullish price action, I'll buy another altcoin and either deposit on aave.com OR

Step #4.5: This is where your giga-brain comes in -
Instead of buying an altcoin w your debt, you could bridge your stables back to the $ETH network (right here: bridge.avax.network ) and get paid twice by depositing into convex.( remember convex?)->

Step #5: The Flywheel Effect -
Once you deposit your stables onto convexfinance.com, you'll be getting paid in $CRV and $CVX which you could then use to compound your convex flywheel which will intern bring you oh so closer to #FinancialFreedom.

The crucial thing here is to keep your eye on your Health Factor. This strategy is a little more active than our convex play but as long as we #PlaySafe #wagmi.