/biz/ - Business & Finance

offer gets accepted or rejected monday

is there a better place than aave as well?

>>24130484
risk is always that we dump more than you expect. what’s your health factor?

>>24132197
Around 1.5 but I could go higher.?

>>24131625
nice picrel
you risk aave smart contract failure. consider the cost of insurance in your calculations.

My head hurts just thinking about how to figure out the taxes for something like this

Actually now that I think about it, you SHOULDN'T owe taxes on anything, because you're not selling anything. You're taking a loan.

Just hope the IRS sees it the same way and doesn't come knocking about "hey goy how'd you get all that USDC???"

>>24132544
Just to triple post here, people do this with stocks all the time. It's literally what Elon Musk does with his TSLA stock, he never sells it, he uses it as collateral for loans so he never has to pay capital gains tax.

>>24132266
Yikes. I’d keep it at 4 at least. Mine is at 8 and I’m nervous.

>>24132544
taxcucks argue that selling the loaned stablecoin for usd is a realization of gains
others argue that exchanging your link for alink is also a taxable event

>>24132597
only in insane retard land would either of those things be true but of course that's exactly where we live

>>24132597
There is no argument, just literally what the tax office said

>>24132616
yes it is ridiculous but you ought to consider the possibility. however, you will probably be able to outpace and outlast potential attempts at retroactive taxtheft

What is the process of "paying back" your aave loan when you are ready to close it? What do you have to do and how to do you pay it?

>>24132714
>deposit collateral
>withdraw loan

>repay loan
>withdraw collateral

>>24130484
Getting bat and swapping it for a stable coin is better imo because the interest rate is literally a fraction of 1%. Opposed to stable coins that regularly go above 10% interest. Especially right now when BAT is being pumped for no reason and and the price hasn’t even dumped yet. I was doing something similar on cream finance

>>24132750
Do you have to repay it with stable coins or whatever you borrowed with?

>>24130484
Be careful, LINK to aLINK may be a taxable event depending on what country you're in. It shouldn't be because it's exchangeable 1:1 and theoretically the same asset so it's a hassle to deal with this bs.

>>24132474
yeah i asked around and noone seems to know the answer here

>>24132586
>>24132597
ah jesus, tax the shit out of everything

>>24132829
thanks anon trying to understand this tax issue

>>24132829
That’s such fucking bullshit only a full blown cuck would pay that. Crypto makes all of these legacy tax schemes obsolete. Either millions of freedom loving folks make a stand here or we’re heading for the prison planet timeline.

>>24132934
He posts that shit in every AAVE thread because he's mad the Lord spawned him with a penis. Transformers make up wazoo anxiety inspiring imaginary scenarios because they want you to be as neurotic as they are.

... eRSDL usecase

>>24132560
>what Elon Musk does with his TSLA stock, he never sells it
Factually untrue

>>24132266
Anon what the fuck is wrong with you. 5 should be MINIMUM.

>>24130484
Also, why the fuck are you buying a house right now anon? If you haven’t made it yet why the fuck are you doing anything to jeapordize your linkies. And right before a bull market, no less. I am ashamed

>>24134129
the wrinkles are growing anon
>im in a much different place than you
still have multiple make its

It makes a lot of sense on paper. However I would not touch my Linkies. Any other coin.