Jun 25, 2022
A quick lesson in DeFi: Let's say you wanted to buy an Asset but you didn't want to spend any actual money on that Asset.
Let's say you had $1000. You could deposit that into a DeFi account, borrow up to 80% of that $1000, keep the $1000 which is gaining interest and use the $800 debt to aquire the Assset.
If the Asset you acquired drops in value, you don't lose anything but value.
If the Asset increases in Value, you have now increased your overall value. Once the Asset reaches a peak price, swap the Asset back to a Stable Asset, pay back the Loan and keep the remaining balance. 😎
See yall in class this Sunday👇🏿
TCC Sunday Class
