Leveraging on @SturdyFinance to deploy a #Long strategy on $BTC and make profits💸💸
The bear season is usually made of so many volatilities in almost all assets with the exception of #Stablecoins.
So now the big question is; how does one earn during the bear market?🤷
The bear season is usually made of so many volatilities in almost all assets with the exception of #Stablecoins.
So now the big question is; how does one earn during the bear market?🤷
When the market gets rough and your holding values goes left and right, up and down, staking comes as a good way of creating some passive income from current stash.
So you might want to consider staking with a defi lending and borrowing provider with lower fees.
So you might want to consider staking with a defi lending and borrowing provider with lower fees.
Most crypto traders often neglect or forget about the small holdings or left overs, but if you stake this, you invest for the future because you will surely earn.
Here I'll show you how to leverage on @SturdyFinance to deploy a long strategy on $BTC and make profits 💸💰🚀
Here I'll show you how to leverage on @SturdyFinance to deploy a long strategy on $BTC and make profits 💸💰🚀
Strategy plan:
1️⃣ Deposit Assets (STETH) to @SturdyFinance.
Firstly, visit; app.sturdy.finance,
Connect wallet on #Ethereum network and head to the deposit and supply assets as collateral. Here staked Ether was used as collateral.
1️⃣ Deposit Assets (STETH) to @SturdyFinance.
Firstly, visit; app.sturdy.finance,
Connect wallet on #Ethereum network and head to the deposit and supply assets as collateral. Here staked Ether was used as collateral.
2️⃣ Borrow Assets ($USDT) from @SturdyFinance.
Borrow $USDT against the supplied assets on @SturdyFinance
Borrow $USDT against the supplied assets on @SturdyFinance
3️⃣ Go to @1inch and swap the $USDT to $BTC.
This transaction may incur some am charges (gas fees) for you to pay.
This transaction may incur some am charges (gas fees) for you to pay.
4️⃣ keep an eye on BTC/USDT chart for a green movement upto 10% or more 😁🤗🚀
Just hodl the swapped $BTC and wait for a market movement in the green direction💹
Just hodl the swapped $BTC and wait for a market movement in the green direction💹
5️⃣ Swap the $BTC back to $USDT
Once there's a good market movement, you can swap the $BTC back to $USDT on @1inch
Once there's a good market movement, you can swap the $BTC back to $USDT on @1inch
6️⃣ Repay loans on @SturdyFinance and keep the excess $USDT as profit or continue the loop again from 1️⃣ to 6️⃣💸💰
/Benefits/
✨Enjoy feeless transactions on @SturdyFinance.
✨Enjoy the best #APR for supplied assets.
✨Enjoy interest free loans.
✨Enjoy feeless transactions on @SturdyFinance.
✨Enjoy the best #APR for supplied assets.
✨Enjoy interest free loans.
🚫Risks involved
The only time you can loose funds here is selling off the $BTC when the market is still red. This makes it difficult to repay the borrowed loan. So just have patience till the market is green.
PS: Also remember this is not a financial advise, ensure to #DYOR
The only time you can loose funds here is selling off the $BTC when the market is still red. This makes it difficult to repay the borrowed loan. So just have patience till the market is green.
PS: Also remember this is not a financial advise, ensure to #DYOR
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