[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 17 KB, 200x232, 1613253498874.jpg [View same] [iqdb] [saucenao] [google]
28636142 No.28636142 [Reply] [Original]

>take out 5.5% APR loan
>put into DeFi and earn 14% APR
Someone tell me why this is a bad idea

>> No.28636296

>>28636142
If you could get approved for such a loan you'd understand why its risky.

>> No.28636349
File: 10 KB, 501x585, 1368057306323.gif [View same] [iqdb] [saucenao] [google]
28636349

>>28636142
It’s not, you’ve discovered an infinite money cheat code, congrats.

>> No.28636469

>>28636142
wow anon sounds like an amazing idea, i really dont see how this could go wrong

>> No.28636593

>>28636142
bump for curiosity

>> No.28636671

>>28636142
My bank said no more heloc loans, otherwise id max that and dump it in.

>> No.28636735

>>28636142
It's OK. You just need to borrow alot to make good amount of money and at that point smart contact risk might become not tolerable to you. Diversify in different defi's if you do this. Also know that yield is going to go down once bull run is over.

>> No.28636764

Literally what yield farmers do on a daily basis.

>> No.28636900

>>28636142
I thought of this, but there's the risk of the defi platform you use exit scamming or getting hacked. Also are the stablecoin interest rates going to stay stable?

>> No.28637130
File: 18 KB, 795x384, why not.png [View same] [iqdb] [saucenao] [google]
28637130

>>28636142
I did it.

Only a bad idea if it tanks, then your on the hook for fucking more money than you wanted to spend yourself.

but my i had a jewpifany and thought if it doubles and i pay it back then i just used the banks money to make money and i did it.