/biz/ - Business & Finance

Put a bid on a house and originally planned to sell a small bag of linkies for the minimal downpayment. Seems like the big brain move is to stake linkies on aave, take out a stablecoin loan, and "cash out" through coinbase to my bank account. I would keep exposure to link and it seems like we are in a good up trend now. I realize that a market crash could liquidate me, as the LTV needs to be 60% at aave for link. Seems like other than that, it is a pretty safe play. Kinda funny that my birds eye view of the idea is to sort of send money from 'future me' selling at a future (higher) link price to 'present me' to fund the house downpayment. Anyway, what might I be missing in terms of risk? I am thinking that I should give aave enough linkies that would correspond to about 2 times the amount of value I would borrow in stable coins so that my health factor stays good. As well, i would plan (like I dont already) to watch the price movement to add additional collateral if the health factor goes down.
Also, I would think that the loan is not taxable but I know crypto to crypto is though I dont get that yet as I though tis was all about profit.

t. after all in, took out loan at $2.38 to buy more links. still havent sold those back.