Easiest way to more than double your LINK stack

1)Deposit Chainlink in AAVE
2)Borrow stablecoin ie: usdc or dai (more borrowed = more risk)
3)Swap stablecoin for more chainlink on 1inch.exchange or uniswap
4)Deposit new Chainlink back into AAVE to improve liquidation threshold
5)Repeat to leverage more(increases risk)

Attached: aave.jpg (400x400, 8.74K)

Attached: Aave+Ghost+Vertical.png (1500x2626, 313.32K)

Now that McAfee created his Ghost coin

Doesn't that infringe on AAVE's logo ??

A fool and his linkies are soon parted

And so LinkMex was created.

then don't deposit all of your link

damn it is so similar lol

Question for you OP. I have 19k link, want 28k, is my math right on this. 9k link = 30,050. 30,050/.7 = 44357. 44357/19000 = 2.33 liq price. But then I deposit that 9k link back as collateral and now have 28000 as collateral so my new liq price should be 1.55 yes?

Thanks

1.58**

>Leaves his own thread
Ahhh somebody answer me I want to do this before the halvening

this looks right but i'd suggest trying it out with a fraction of your stack first, see what your risk you're comfortable with.

remember, don't directly borrow link. that is shorting. Borrow a stablecoin swap for link and deposit again

Should have been more specific yes I would buy 30k worth of a stable coin and buy 9k link with it. Ideally hold it till link is $20 then pay back the loan and be left with 26,500 stinkers.

Why will aave not connect to my wallet aghhhhhhhhhhhhhhhhhhhhhhhhhhhhh

whats up with AAVE shills

Checked

post TX's of you doubling your link. We'll wait.

THIS IS BOOMER SHIT THE CAUSED THE 2008 COLLAPSE

THE POINT OF CRYPTO WAS TO GET AWAY FROM JEWISH TRICK, NOT TO DO IT YOURSELF

This is going to work for the time being but for how long?

I’m guessing a few more weeks

Then this shit gonna crash hard as fuck

What does that even mean? Aave is formerly ethlend and they use Chainlink so there is no chance for scam wick flash crashes. The only way borrowing from them doesn't work out is if link dump, this is only something people should do if they believe link will go up in price and if you're not retarded you know it will

That's the point. If the Chainlink oracle makes aave fail, chainlink won't be worth anything anyway.

if the price dips you get liqudated
it's just margin trading via CDP and is fucking retarded
if Eth dumps again you won't be able to close your position because the network gets congested
if link dumps you can repay your loan because your link is worth less than the usdc you borrowed

simply moronic

You're implying link is going to dump below 1.6 again, most definitely not moronic.

this

IS THE LEND TOKEN WORTHLESS?
WHAT IS IT EVEN FOR

How to lose all your link!
Overleveraged and wait for an ineveitable flash crash!

governance. gets burnt on loan origination, repayment, and flash loan usage.

It will matter more when user created liquidation pools is implemented. there will be voting on allowable collateral, liquidation thresholds, interest rates etc.

Nice, getting 80k of it then.

how much have you made?

>Flash crash when they use Chainlink as their oracle
Retard, evidently you forgot chainlink worked flawlessly on black Thursday while those faggots at maker now have a class action lawsuit against them

aave and defisaver are the only reason maker is still afloat.

something like 50 million eth was saved with defisaver and aave flash loans.

tons of people were liquidating themselves