Real cost of borrowing stablecoins.
This is part 3 of the series, I will go through different chains in the next parts.
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This is part 3 of the series, I will go through different chains in the next parts.
https://twitter.com/DeFi_Made_Here/status/1486371361073221633?s=20
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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.
3/ @Screamdotsh offers up to 18% on your collateral (32% APR on $WFTM!) and you'll have to pay 3-6% APR for borrowing stablecoins.
4/ At the moment @ibdotxyz is paying 1-2% APR on your collateral and the cost of borrowing stablecoins is 7-8% APR.
5/ @HundredFinance has 0% APR on your collateral and you pay 1-2% APR on borrowed stablecoins.
6/ @MIM_Spell charges 2% interest and 0.5% borrow fee on #MIM and doesn't provide any borrowing incentives. Only $FTM is available as a collateral on abracadabra as of now.
7/ @QiDaoProtocol incentivizes to borrow with up to 85% APR on yield bearing asset (asset generates yield in other protocol while you are borrowing against it) mooscreamFTM. The rate might change after next voting for vault incentives.. 
8/ ..and be aware that there might be no #MAI available to borrow for a particular vault. And you will have to pay 0.5% repayment fee on borrowed #MAI.
9/ As you see it is more complicated and there are much more options on #Fantom, but if there is a high incentivized vault on @QiDaoProtocol and you are planning to take a long term loan it would be definitely the best place to borrow.
10/ @GeistFinance and @Screamdotsh might offer great rates for lending and borrowing at a same time, but these rates fluctuate a lot and it might be more beneficial to take a short term loan as you might be paid on your collateral and borrowed stablecoins.
11/ Most of the rates mentioned above are a subject to change and you have to check them before borrowing. Only @QiDaoProtocol and @MIM_Spell offer a fixed rate for borrowing stablecoins at the moment.
12/ It is expected that @AaveAave will be deployed on #Fantom soon and it might change lending / borrowing rates across the chain a lot.
11/ Thank you for attention, keep safe.
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