#26 The Crypto Snowball Farming Strategy
The BitLift Podcast 🚀 Crypto, DeFi, Web3
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Can You Safely Borrow Against Your Cryptocurrency Assets?
The lending, which i also talk about as farming all the time, is the growth engine of this strategy. For every thousand dollar in assets that have, you can safely borrow 400 dollars. In nexo, it costs seven % to borrow against your bicoin. Even when you're in the best tier,. You can borrow against luna inside of anchor and pay almost zero %. The only thing we do with our stable coins is we loan them out to earn a variable rate of interest.
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