Well. Im sweating bullets but i just put 425k into

Question

Aave Fam | NOT Airdropping

No U

Well. Im sweating bullets but i just put 425k into

aampl and staked it. Wish me luck. 7 days to a million right? LOl

#aave #blockchain #cryptocurrency #english

0

10.11.2021

4 ответов

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No U Автор вопроса

cyotee doge
If you have the capital, you can borrow your AMPl ...

i cant use aampl as collateral through AAVE. How would i borrow it from myself? I have additional collateral but my health factor is low because its in GUSD. Do i need to switch to a collateralized asset to be able to borrow?

0

10.11.2021

cyotee doge

You need other assets, like DAI to act as the collateral to do it, and get a net increase in $AMPL and $aAMPL. This is an example using Defi Saver to create a Maker vault, mint DAI, and use that as the collateral to borrow your AMPL back from yourself. Then you go to the Aave tab, and use the Swap Repayment option to have it sell you $DAI for $AMPL and use that to repay you $AMPL debt. Then I use the remaining $DAI to repay some of the Maker debt

0

10.11.2021

No U Автор вопроса

cyotee doge
You need other assets, like DAI to act as the coll...

i see.

0

10.11.2021

cyotee doge · Accepted Answer

cyotee doge

If you have the capital, you can borrow your AMPl from yourself, then repay it with your collateral to earn off the rebase AND the interest without paying interest.

0

10.11.2021

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Well. Im sweating bullets but i just put 425k into

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