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.
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 $5,000 USDC at 0% Lend to a DeFi money market at 25% Free$!
$50m Borrowed through THORChain Lending https://t.co/0166NtOQPr
Cost to borrow stables against $BTC or $ETH: Aave v3 MakerDAO Thorchain USDC 24% 9% 0% ⚡️ USDT 17% 14% 0% ⚡️ DAI 29% 16% 0% ⚡️ And…
✅Ethereum has been resumed on @THORChain after a client update following Dencun fork. THORChain devs took additional time to verify functionality across other EVM chains dependent on this library. Lending has also been resumed on @THORSwap. All other services fully operational. https://t.co/ZbVw1ey3Vd
Loans r back @THORChain https://t.co/G9btTqqbYR
Game plan: https://t.co/yR1ImUiWqZ ✅ Restake and earn yield ✅ Borrow stables against restaked ETH ✅ Spend via Cash https://t.co/3LW1a6hQPg
Why are you paying 30% borrow rates on your dollars when you can borrow at 0% via @THORChain lending? It's an absolute no brainer if you're using BTC or ETH as collateral