A very bullish lending protocol

CN
Boreas
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7 months ago

A very bullish lending protocol.

Previously on Mantle, I farmed over 100,000 points. Now Blast has just gone live, and I recommend that everyone with ETH on hand should stake it there. You can simultaneously receive airdrops for Blast and Init. 🤫

For those who understand lending, you can increase the leverage a bit, ensuring that the health factor is above 1.02. You can almost risk-free leverage up to 3 times. As shown in the image, my initial capital was $50,000, and after leveraging, I had approximately $160,000 in deposits and $100,000 in borrowing.

Link: https://t.co/4dvoZ6m8O6

My specific operations:

1/n. Cross ETH to Blast.

2/n. Stake ETH, borrow ETH, repeat N times.

3/n. Borrow a portion of USDB, then stake back the borrowed USDB (the weight of borrowing USDB is high), repeat N times until the health factor reaches 1.03.

The risk of this strategy lies in the exposure to holding ETH spot, with no possibility of being liquidated.

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