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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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23626708 No.23626708 [Reply] [Original]

me, today:
>deposited 7k LINK onto aave
>borrowed $16k bUSD as it had the lowest APY of the stablecoins
>converted to 38 ETH
>bought .4 LP
>also had 1 ETH and 85 LINK leftover
so now i owe $16k back at some point and it seems to be accruing interest at $1 per day

>> No.23626760

>>23626708
what's your health factor at?

>> No.23626800

>>23626708
Now watch AAVE rugpull with your $70k in LINK

>> No.23626803

>>23626760
3.63. should it be higher?
i mostly just wanted to try out defi

>> No.23626849

>>23626803
naw you're solid friend. even a factor of 1.5 is "good"

>> No.23626902

>>23626800
checked and what gave me confidence in aave was this guy: 0xe3786BF25E15013FDDa09dbe881529d44B9CA239
i noticed him when i was looking thru the linkpool rewards, and that wallet was getting huge rewards, and it has over 2 million link on aave. hopefully no rug pull
>>23626849
right on

>> No.23626991
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23626991

>>23626708