MultiversX Tracker is Live!

What are the potential risks of this strategy?

Etherum Reddit

More / Etherum Reddit 166 Views

Am new to crypto and read up a lot in the past few weeks.

So just for example, I buy $20,000 worth of ETH, lend it on AAVE, borrow USDC against it and redeposit that into AAVE to get some interest.

Then after a few years value of ETH triples/quadruples and I withdraw and sell some ETH to liquidate my borrowed USDC, I'll be left with more ETH than I initially bought even after deducting the interest on the loan.

Of course if ETH value tanked, I'll be screwed any how. Are there any other risks besides that?

Also, USDC is not supposed to change in value, but if it crashes, more good news for me?

Or is it wise to just buy the ETH, store it a cold wallet and HODL?

submitted by /u/guydrukpa
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments