๐ฐ How to Roll Bitcoin Dumplings
As someone who is personally looking to increase the proportion of Bitcoin in my portfolio, the host, who is a profit-driven person to the core, is pondering how to roll Bitcoin instead of just holding it. I would like to share the methods that the host is actually using.
Advantages: Additional profit beyond Bitcoin holding + increase in quantity
Disadvantages: As exposure level increases, risk of damage increases
1๏ธโฃ Rolling USDT with Collateral Loans
This method involves borrowing USDT at a low rate through collateral loans on CEX and utilizing it in various DeFi. You can put it into the currently hot stablecoin DeFi or into futures exchange VAULTS to gain profit.
In my case, I borrowed USDT and am farming by catching both the backpack and lighter, and have placed it in Falcon and NOBLE. I plan to place it in THEO later. Liquidation is set to happen when Bitcoin reaches around $40,000.
The risk involves the liquidation of collateral Bitcoin and accidents occurring within the project where it is deposited. The current tether loan interest rate is about 5%. There is also on-chain lending, but that involves taking on the risk of exploits within the dApp itself, so you can decide for yourself? Of course, depending on how you use the above strategy, the funds borrowed as collateral may decrease, resulting in a negative outcome.
2๏ธโฃ Mainnet Deposit
I couldn't find a suitable place other than TAC. Due to Vera Boyko, I realized that if too many people gather, it can only fail. After Babylon, the deposit projects that receive Bitcoin like ghosts disappeared. (Tears)
3๏ธโฃ LP Deposit
If wrapping BTC is not an issue, you can farm using the Lombard pair or Vera INFRARED's SolvBTC pair. Through this, in the case of the former, Lombard mining + basic interest rate, and in the latter, BGT + SOLV Season 2 + Infrared farming are possible.
This is how I can say I am utilizing Bitcoin. Personally, when I take profits or receive airdrops, I convert them to BTC and do a challenge to increase the quantity, but the decrease in usability, which is an essential companion to such actions, has become an obstacle, so I am sharing the solution I have prepared. If there is anything good, please recommend it in the comments.
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