much would btc have to go up before i get liquidated?
50% If you only have 1 collateral and 1 borrow you'll see a liquidation price.
Hi , I have BTC on TRezor and i want to deposit it on Aave V1 ( Polygon ) So do i have to move it to Polygon network to deposit
Is it WBTC or BTC?
or whats the easiest option to deposit
Generally the easiest way is to use an exchange to swap BTC -> USDC -> Polygon -> Buy WBTC
ok,what exchange can i do that
Or BTC-> WBTC -> Polygon if the exchange supports it. Which exchange are you using now?
Have access to mostly all of the exchanges 😊
If i do this ( USDC -> Polygon -> Buy WBTC ) then the USDC would be on a different network
The USDC will be on whatever network you withdraw to. The main thing to check is that your can withdraw to the network you want to go to, which I believe is Polygon.
👍 Would this option work BTC » MAtic » Quickswap Matic » WBTC
Yep I would use 1inch.exchange for better rates than QS, esp for larger swaps.
P.P.S if you are thinking about using Binance, double check withdrawals are not suspended.
Thanks for the headsup , Binance does this all the time
Thanks , will surely check . I have been using Quickswap quite regularly , never knew their rates were on the higher side . What do you think about Zapper - I believe they compare all the prices across all exchanges and give you the best offer .
Using a dex aggregator like paraswap.io or 1inch will ensure you get the best rates, QS might be the best at the time, might not.
Yeh , understand - Thanks
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