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Best way to borrow ETH against BTC?
| flickering salmon meetinghouse stock car | 01/25/21 |
| Sable center coffee pot | 01/26/21 |
| flickering salmon meetinghouse stock car | 01/26/21 |
| Sable center coffee pot | 01/26/21 |
| charismatic spot | 01/26/21 |
| charismatic spot | 01/26/21 |
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Date: January 25th, 2021 11:36 PM Author: flickering salmon meetinghouse stock car Don't want to sell btc into eth at these ratios but can get much better yields on eth
Any place that lets you do this without swapping the btc into wbtc? |
Date: January 26th, 2021 12:09 AM Author: Sable center coffee pot You can borrow USD secured by BTC and then buy ETH.
Just Google "crypto loans" |
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Date: January 26th, 2021 12:23 AM Author: flickering salmon meetinghouse stock car Yeah but that's going to leave me exposed to an ETH price decline, which I absolutely do not want. if BTC and ETH crash together I still have to pay the loan back in USD.
Since I'm getting bearish, the goal is to be exposed to BTC for price movement but hold custody over borrowed ETH since the returns I can make yield farming it (minus interest paid) are higher than the tiny pink 6.2% my BTC is earning.
I'd rather have ETH and farm the ETH/USDC pairs for 30%+, but not be exposed to ETH downside (which has more room to dip than BTC) since the loan is denominated in ETH. |
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Date: January 26th, 2021 12:27 AM Author: Sable center coffee pot How much ETH we talking? (http://www.autoadmit.com/thread.php?thread_id=4748985&forum_id=2#41825288) |
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Date: January 26th, 2021 12:55 AM Author: charismatic spot i'm currently leveraged liquidity providing on https://homora.alphafinance.io/farm check it out |
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Date: January 26th, 2021 12:54 AM Author: charismatic spot 1. turn your btc into wrapped btc 2. Deposit your wbtc on aave.com 3. borrow eth |