Hi my DEFI degens,
What should I use my USDC for on aave platform? I supplied them and am benefiting from the supply APY, but when borrowing another asset and supplying them directly, I’m losing money because the supply APY is lower than the borrow APY.
I realised that borrowing eth (1,9% cost), and staking them on lido (3,1% return) and then using those liquid eth to borrow more eth (2,51% cost) and generate 4,13% return (2% from APY +2 % of staking) give me an extra 1,1% return but that’s not much, am I missing something?
Is there some good strategy out there to increase the return on borrowed assets?
submitted by /u/vifzor
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