If you own a sizable amount of crypto, at some point you will want to use those funds. The easiest way is to sell some. But given the effort it’s taken to build the position, you likely don’t want to sell. You might still be bullish on crypto long term. And you don’t want to pay capital gains tax next year.
part 2 is to put your DAI to work in yield farms, then spend the yield your DAI makes for you. this way, you always have your collateral available in case the price starts dropping suddenly.
part 2 is to put your DAI to work in yield farms, then spend the yield your DAI makes for you. this way, you always have your collateral available in case the price starts dropping suddenly.
But why take a "loan" with makerDAO when u can earn interest with Celsius, etc.? sorry if this is a stupid question, I'm still learning!
I learned something today. It's a great day. Thank brother
Interesting!
Thanks for the info! Can you create a post on yield farms? thank you!
I'm curious what percentage of these loans defaulted? great article