Be $BOLD • The best way to borrow with (staked) ETH Join us: https://teapawt.net/t.co/nFzKCPYkkR
Ethereum
Joined April 2020
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Liquity retweeted
It’s very cheap to borrow BOLD against wstETH on @LiquityProtocol.
As always, when I find an opportunity like this, I weigh it with a $10k budget. With $10k of wstETH, borrowing $5k of BOLD would cost me about 1% a year all in (0.7% current borrow rate plus a 0.3% annual fee), roughly $50.
The same $5k of USDC against wstETH on Morpho right now is about 5%, so roughly $250.
Another bonus with Liquity is that you set your own rate. The balacne is that the lower it is, the sooner you get redeemed if BOLD slips under $1
1% to borrow with wstETH 🟢
That's the avg rate to borrow with @LidoFinance's wstETH on Liquity V2 right now.
Everywhere else? Rates have jumped to ~5%.
Save up on your costs 💾
Borrow here: liquity.app/borrow/wsteth
rETH borrowers 🔶
Borrow BOLD or go long rETH on Liquity V2:
🟢 0.5% interest rate 👀
🟢 Up to 83.33% LTV
🟢 Shielded from redemptions while the rETH SP (~4.4M) covers rETH debt (~4.08M)
borrow here:
liquity.app/borrow/reth
Liquity retweeted
Florin Testnet V2 is now live on Robinhood Chain.
It runs on @LiquityProtocol V2 contracts. Florin is an official Liquity Friendly Fork, building FUSD, a stablecoin backed by Stock Tokens like $SPY.
What’s new
· Multiply. Loop SPY up to 6x in one transaction
· Improved UI
· Collateral and debt changes in a single transaction
· Night mode 🌙
Borrowing BOLD against wstETH on Liquity V2 averages just ~1% right now.
Not set by a utilization curve.
Not set by governance.
Set by borrowers. 🟢
Go long wstETH on immutable contracts 👇
link: liquity.app
Liquity retweeted
.@LiquityProtocol's BOLD and LUSD are on the Global Stablecoin Map.
Explore supply by chain, peg history, the lending markets that use them and much more for each coin.
Link in the tweet below.
Over $1.5m in volume on a 600k pool.
that's the BOLD / USDC pool on @aeroxyz 🔵 ✈️
that's it, that's the tweet.
provide liquidity for BOLD / USDC, and earn 11.5% + APR 👀
app.aero.xyz/liquidity/pools…
Provide liquidity for BOLD / avUSD on @CurveFinance and earn 13% APR
You can stake the LP on @stakedao and earn closer to ~ 18% APR 👀
app.stakedao.org/strategy?pr…
For more details on avUSD's strategy and holdings, visit Avant Protocol's transparency page:
app.avantprotocol.com/transp…
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Every ethereum:0x6440f144b7e50d6a8439336510312d2f54beb01d mint = a buyer of ETH.
Think of Liquity V2 and BOLD as an onchain ETH treasury.
- Every BOLD mint locks ~2x its value in ETH.
- More BOLD in circulation means more ETH being bid and held.
BOLD is the dollar that grows Ethereum instead of farming it.
Agree that ETH is a store of value that can support and back the creation of money, but it is not money yet.
Overcollateralized ETH stables can help create tokenized dollar-pegged assets that are less volatile than SOVs are.
Check out what @LiquityProtocol does for example.
Liquity retweeted
Market spotlight this week: ysyBOLD.
@yearnfi’s v3 vault on @LiquityProtocol's $BOLD earns 7.16% on its own, compounding underneath.
Looped at 6.7x with fixed-rate DOLA borrowing on top, that reaches a 40.3% max APY with borrow costs still boosted through @merkl_xyz incentives.
1M borrowed, 1M up for grabs.
