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Guys, this is just a fun thread giving an idea of the vast opportunities DeFi has - NOT FINANCIAL ADVICE.
So when the price dropped, I purchased YFI (yearn finance) for $500 from Uniswap.
Then used this YFI as collateral to get about $400 USD.
Used this $400 to buy two meme coins SHIB and TOMATO ~ I know, not a wise decision, but yeah!
Then added it to the uniswap LP of SHIB-TOMATO - the only good side is not many people know of this pool so, for a week or two the returns will be pretty good.
Then added to farming on Tomato finance; tada that's a 2000% APR pool. I know it will be like just a couple of hundreds in a couple of weeks - but that should be enough time for me to get the $400; then I can repay the borrowed funds and get back my $YFI and I still have this farm running.
Thoughts?
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- 3 years ago
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