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Jan 26 • 7 tweets • 3 min read
Quick update on one of the previous threads.
🧵
1/ There is a new vault on @Defrost_Finance which allows you to borrow against $sdav3CRV yield bearing asset from @StakeDAOHQ
2/ First you need to deposit your stablecoins on @CurveFinance to av3CRV pool and get the receipt token
3/ Next go to app.stakedao.org and deposit your receipt to the vault for a ~11% APY.
4/ You'll get $sdav3CRV token and you can borrow $H2O against it on @Defrost_Finance. With a CDR of 110% you are getting 76% APY in 10 loops. It is less APY compared to the previous strategy but you won't be exposed to the $Melt token.
5/ Note that you need to pay 5 $Melt for entering new vault (~4.2$ at a current price) and the minimum amount of $H2O you can borrow is 200.
6/ Please DYOR if you consider to ape in and stay safe. Thank you.

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More from @DeFi_Made_Here

DeFi Made Here Profile picture
Jan 27
My thoughts on a current situation with all the things going around @Wonderland_fi and dear @danielesesta
🧵
1/ First of all I need to mention that I've never participated in wonderland (I do have a basic idea how the market works and who is paying for the party), but I allocated ~1% of my funds into $Spell, $Ice and $wMemo. I owned $MIM as well.
2/ I understand that @MIM_Spell is not connected to @Wonderland_fi but massive panic sell (any random FUD on twitter) might cause depeg so I quite 99% of my $MIM positions. We are d̵e̵g̵e̵n̵s̵ farmers after all and we want to keep our funds safe.
Read 10 tweets
DeFi Made Here Profile picture
Jan 27
Real cost of borrowing stablecoins.
This is part 3 of the series, I will go through different chains in the next parts.

🧵
1/ Today I will speak about #Fantom chain. Let's take a look on @GeistFinance, @Screamdotsh, @ibdotxyz, @MIM_Spell, @HundredFinance and @QiDaoProtocol.
2/ @GeistFinance provides up to 10% APR on your collateral (28% APR for #CRV at the moment) and up to positive 4% (get paid to borrow) APR on borrowed stablecoins. Note that #GHST tokens have a 3 months vesting period or a 50% penalty for an early unlock.
Read 14 tweets
DeFi Made Here Profile picture
Jan 26
Real cost of borrowing stablecoins.
This is part 2 of the series, I will go through different chains in the next parts.
🧵
1/ Today there will be a short thread about the real cost of borrowing stablecoins on #Terra and does it worth it?
2/ Just a quick math on the very popular borrowing protocol @anchor_protocol on #Terra. Might be a little painful topic for a true #Lunatics
Read 8 tweets
DeFi Made Here Profile picture
Jan 25
Why to earn less? Here is a little thread with the correct strategy:
🧵
1/ Stake $wFTM at @iearnfinance for 70% APY, go to @QiDaoProtocol, deposit $yvwFTM to the vault and borrow $MAI for 0% interest (0.5% repayment fee applies)
2/ At the moment you are getting paid 1% in $Qi for borrowing #MAI stablecoin. Let's assume you have deposited 1000$ worth $wFTM and borrowing at safe CDR of 150%, so you can borrow 666 $MAI for the first loop.
Read 9 tweets
DeFi Made Here Profile picture
Jan 25
Real cost of borrowing stablecoins.
This is part 1 of the series, I will go through different chains in the next parts.
🧵
1/ Today we'll talk about minimizing the cost of borrowing stablecoins on #Polygon chain. #Fantom and #Terra are in the drafts already.
2/ The most popular loan in crypto is stablecoin loans. If you fill that market is trending upwards you can leverage position by collateralizing your assets and borrowing stablecoins against it. It is not the most actual topic at the moment, but you'll be prepared for later.
Read 12 tweets
DeFi Made Here Profile picture
Jan 24
Today we will speak about @kava_platform and how to get 70% APY on your stables.
🧵
1/ @kava_platform is working on a kava chain which has around 500M$ of TVL and it is a part of @cosmos eco system. Recently @kava_platform joined #IBCGang which will allow crosschain transfers, but let's come back to the topic.
2/ Go to app.kava.io/swap/pools and add liquidity to the BUSD/USDX liquidity pool for 70% APY. APY depends on the price of rewards which are paid in $SWP token and total value locked. I have started farming with 140% APY last year. Image
Read 21 tweets

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