Can anyone help me with this situation please, The fact

Question

Can anyone help me with this situation please, The fact

is that i need to figure out how to do this movement, I have 7500 USD worth of eth to put as collateral but i want to re-borrow as many times as possible to be available to borrow 50,000 USD, it would be like this :
Using 7500 USD worth of ETH as collateral then borrowing 80% of USDC and converting back to ETH to deposit it and borrow more until 50,000 USD
7500
Borrowing 80% in USDC
6000
Changing 6000 usdc for ETH and redepositing to AAVE
= 13500
10800
24300
19440
43740
34992
78732
Finally borrowing 80% or 65%
80%= 62,985 USDC
65%= 51,175 USDC

How I can calculate the risk of liquidation and how much interest do I need to pay every now and then, to avoid getting liquidated I don't comprehend
What could be the best way to acquire this, i know it is very risky right now i've a good ammount of tokens on staking/farming/holding to compensate if
anything goes wrong, but i need liquidity but $7500 isn't enough, maybe a better option could be borrowing DAI instead of USDC for lower borrowing interest
Or maybe swaping ETH for USDC or DAI i don't know
what do you recommend me?}

#aave #blockchain #cryptocurrency #english

0

19.10.2021

3 ответов

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B Автор вопроса

HelpfulBrother
#1 - borrowing at 80% is risky, small movements in...

Thank you for answering, so you thin it would be a good idea to SWAP my Eth for DAI and then borrow DAI?

0

19.10.2021

HelpfulBrother

B
Thank you for answering, so you thin it would be a...

It really depends on what you want to do, if you swap ETH for DAI you lose out if ETH goes up in price, but at the same time you are protected if ETH goes down in price.

0

19.10.2021

HelpfulBrother · Accepted Answer

HelpfulBrother

#1 - borrowing at 80% is risky, small movements in price whilst your are converting ETH/USDC is a risk.

0

19.10.2021

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Can anyone help me with this situation please, The fact

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