Ladies and Gentlemen!
Today Ill explain a #StableCoin strategy .
This one really shows the power of #DeFi but is a little more complex, * MAKE SURE THERE IS AVAILABLE $MIM TO BORROW FIRST. THREAD TIME;
Step #2: Deposit your 3CRV ( a receipt that you get for depositing your stables in the 3pool) to the convex wrapper on abracadabra.money
Step #3: Borrow against that 3CRV at 85% LTV ( your collateral is 85% of the loan)
Step #4: You can convert the $MIM to more $3CRV and compound your returns. OR deposit straight into the mim3pool.
With this strategy the risk of liquidation is much lower as your borrowing against #StableCoins. Still there are risks in any strategy and this one is more advanced. #PlaySafe on your journey to #FinancialFreedom
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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…
It all starts here!
Get your piece of the backbone of #DeFi Convexfinance.com will help you to accumulate $CRV and $CVX.
I call this the retirement fund. ( ultra long term)
TIME FOR A THREAD 😃
The strategy I'm about to outline is optimized for yield generation. Financial freedom means you need more money coming in than going out! So here we go;
Step #1: Buy $CVXCRV -
you can go to sushi.com to swap any token for $CVXCRV