Thread by @stader_polygon

Now you can use $MaticX as collateral to borrow stablecoin $MAI @qidao

And earn 3% SD Boost💰💰

Well, you already know that !

Let's go step-by-step on how to make the most of this opportunity 🧵

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Our partnership with @QiDaoProtocol allows borrowing a loan upto 74% of the collateral value…

With 0% Borrow APY🤯

It's a money minting opportunity for all the #DeFi #Degens

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Step #1:

Stake MATIC with Stader on polygon.staderlabs.com

And mint MaticX while earning MATIC at a ~5.76% APY

Next…

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Step #2:

Deposit the amount of MaticX you want to put as collateral on app.mai.finance/vaults/137/mat…

In our example, we’re putting 50 MaticX tokens

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Step #3:

Then enter the amount of MAI you want to borrow

& to be on the safe side

We recommend borrowing 50% of the value you've locked in as MaticX

MaticX price is ~$1.2
50 MaticX ~= $60
50% worth of the locked-in MaticX ~= $30

So we should borrow 30 MAI #stablecoins

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You can then become a stablecoin farmooor and use $MAI to farm another rewards on LPs and unlock DeFi opportunities.

Check out @beefyfinance to find MAI farming opportunities!

Follow @stader_polygon for more DeFi strategies on @QiDaoProtocol using #MaticX and #MAI.

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