Hi. I'm interested in your opinion. I have a bunch

Question

Hi. I'm interested in your opinion. I have a bunch

of BTC and ETH lying around here, which hardly bring me any interest since crypto.com lowered interest rates. My idea now is to create the BTC and ETH in a vault at Maker DAO, mine DAI and bring this DAI to the Defichain via USDC -> DUSD to earn rewards. Do you think that's a good idea? In your opinion, what does the risk/benefit profile look like?

#blockchain #cryptocurrency #defichain #english

0

10.06.2022

4 ответов

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Sebas. Автор вопроса

Andreas
Why not put BTC and ETH in a DeFiChain vault and d...

I forgot to say that! The problem with a vault on the Defichain is that you need 50% DUSD or DFI. But I don't even have that 50% available. The amount of BTC and ETH is way too high.

0

10.06.2022

Andreas

Sebas.
I forgot to say that! The problem with a vault on ...

I see. I guess you could do what you suggested then.

0

10.06.2022

Andreas

Sebas.
I forgot to say that! The problem with a vault on ...

Of course you have the risk of being liquidated at MakerDAO and it might take you some time to get funds from the DeFiChain ecosystem back to the MakerDAO ecosystem to repay your loan.

0

10.06.2022

Andreas · Accepted Answer

Andreas

Why not put BTC and ETH in a DeFiChain vault and directly mint dUSD?

0

10.06.2022

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Hi. I'm interested in your opinion. I have a bunch

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