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Hash Rate - Ep. 47: THORChain Lend 🧙 Guest: @CBarraford $RUNE @THORChain Core Dev Borrow 50% against native #Bitcoin. No liquidations, no interest, no KYC, no time limit to repay. Crazy? Or a new unlock of the 1.3 Trillion-dollar native #Bitcoin DeFi market? 00:00… https://t.co/rpt0LYsujt
I just ran across this post and then listened to the spaces @dotkrueger put on where he was joined by the @THORChain founder/developer @CBarraford This is one of the most interesting products in Web3. The idea that you can use your $BTC or $ETH as collateral without any… https://t.co/cvyIRv2EUW
The easiest strategy right now is to buy ETH, use it as collateral to borrow in @THORChain lending at 50%, and then plow what you borrowed into some high yield strategies on USD That may look like $10,000 of ETH Borrow $5,000 USDC at 0% Lend to a DeFi money market at 25% Free$!
THORChain's lending platform offers borrowers the opportunity to borrow at 0% rates using BTC or ETH as collateral. Other DeFi platforms like Aave and MakerDAO charge significantly higher rates for borrowing stablecoins. THORChain has resumed Ethereum services and seen $50m borrowed through its lending platform.
