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Aave Fam | NOT Airdropping Aave Fam | NOT Airdropping
BroSomeone-

Is the apy the only way people make a profit

from aave? People deposit, borrow, but then they end up having to pay what they borrow back. So is the only way you can make a profit is from apy?

#aave #blockchain #cryptocurrency #english
0

7 ответов

17 просмотров
h3lpfulBrother-

Generally people borrow because they have collateral they don't want to sell, and then use the borrowed funds for another opportunity.

0
03.02.2022
BroSomeone- Автор вопроса
h3lpfulBrother
Generally people borrow because they have collater...

What do they usually use the borrowed funds for? And I thought you couldn't withdraw the borrowed funds cause you have to pay them back.

0
03.02.2022
h3lpfulBrother-
BroSomeone
What do they usually use the borrowed funds for? A...

You do have to payback at sometime but your borrowed funds are yours do with as you like.

0
03.02.2022
BroSomeone- Автор вопроса
h3lpfulBrother
You do have to payback at sometime but your borrow...

Amazing! I would like to withdraw my borrowed funds, won't it ruin my health factor tho?

0
03.02.2022
h3lpfulBrother-
BroSomeone
Amazing! I would like to withdraw my borrowed fund...

When you borrow the funds always go directly to your wallet, you can decide how much to borrow and see a preview of the change to your HF.

0
03.02.2022
BroSomeone- Автор вопроса
h3lpfulBrother
When you borrow the funds always go directly to yo...

Great! I'm not looking for any financial advice just an opinion, what do you think I should invest the borrowed funds in?

0
03.02.2022

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