But I have a question @cryptodaz2 ... Why stake KAVA

Question

But I have a question @cryptodaz2 ... Why stake KAVA

for 6/7 or even 20 % if we can supply our KAVA bags on MINT, and with the USDX borrowed, stake the USDX themselves on LEND getting an amazing 30+%?...

Even could be a strategy to pump USDX around 1$ stable. During such a bullish momentum is almost 0 the risk to get liquidated

#blockchain #cryptocurrency #english #kava

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03.03.2024

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The Crypto Believer 🐼 Автор вопроса

CryptoDaz (Darren)
If you supply 1,000 Kava to Kava Mint, the max LTV...

Thanks genius

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2 месяца назад

CryptoDaz (Darren) · Accepted Answer

If you supply 1,000 Kava to Kava Mint, the max LTV is 66.7% (150% collateral ratio), so the max you can mint is 667 USDX but to avoid liquidation you need a safety margin, if you are playing relatively safe then you might mint 60% of the maximum which gets you 400 USDX with a value of $356 The USDX yield on Kava Lend is 35.8% so that gives you 0.358 x $356 = $127 in Kava rewards, but Kava Mint also charges you a 2.5% borrow fee which is $9 so the net yield on $1,000 is 11.8% If you were to take more risk and borrow at 80% (very risky) you would boost that yield up to 15.7% As an alternative Scrub Money are paying out almost 19% APY in their Hover Protocols based strategy vault, with no vesting period

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But I have a question @cryptodaz2 ... Why stake KAVA

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