Ah i see. So you Stake 5 ETH to mint

Question

Ah i see. So you Stake 5 ETH to mint

12000 DAI. Deposit that 12K DAI as collateral into AAVE. Supply 4k AAMPL seperataly to V2 AAVE. Borrow 4k v2 AAVE and immedeately sell. Repay debt for the 4k AAVE you borrowed from yourself with the DAI you minted. And this could all be done in one block couldnt it?

#aave #blockchain #cryptocurrency #english

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10.11.2021

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cyotee doge · Accepted Answer

Not sell. Use the function on DefiSave to have it withdraw my DAI collateral, use it to buy $AMPL. Then use that AMPL to repay the debt. So, I'm not shorting AMPL. I'm maximizing exposure to the interest from lending and the positive rebase by being in both postions, and using ym DAI collateral to boot strap me there since borrowing i pretty much impossible if you don't supply, and borrow from yourself in the same transaction. And by repaying the debt with collateral, you get to keep both the $aAMPL and $AMPL tokens, but carry not debt, butt from Maker.

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Ah i see. So you Stake 5 ETH to mint

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