Hye guys, im keen on investing on tinlake, i read we can use eth for collateral on some platforms, Any suggestion on the best rates ? Im looking at dydx now but the borrow rate is so high.
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Hello,
here all the market place :
on DEX you will pay more fees, due to gass in ETH
When the gas fees go down a bit I recommend to swap ETH into DAI on Uniswap
If you have Eth you can use it for collateral on MakerDAO Oasis Borrow, current rate is 5.5% which right now is likely the best rate you’ll find as Dai is generated directly through Maker.
I saw on twitter that Yield is wrapping Maker to give fixed rates over specified time periods, but haven’t used them myself.
You can also borrow Dai from Compound for 9.9%
In case anyone else is curious, current rate on dydx is 15%