Doing a bit of lowcap gem hunting today with 88mph team
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There’s a slight issue in defi atm…
One that, if not solved, will be a cause for less usage and less liquidity overall.
Have you ever seen the interest rates on Aave when markets get hot? All of sudden its costing you 30% APY to borrow stablecoins.
No bueno.
(However, this also means that the supply rate is high as well, meaning you can deposit stables and earn a good APY for a short period usually)
Introducing a TradFi and irl concept that defi must come to terms with: Fixed rate lending.
Being able to set in stone at a stable rate.
Now…Aave does offer stable rates (super dope).
Today though, we explore 88mph and the stable rates available there! A full demo of the platform and how you can earn yield. Leggggo!
-Andy
???? Big Ups To Our Great Sponsor Aave: Earn Interest & Leverage Your Assets with Aave, a non-custodial money market protocol leading the #DeFi charge.
Tap in Tuesday: Exploring fixed rate lending in DeFi w/ 88mph
???? Sponsor Update: Oxis Wallet is an easy-to-use, non-custodial wallet for DeFi degens like us. Secure, safe, and simple, the Oxis Wallet is a must have!
You know what they say…not your keys, not your coins 😉
⚠️ DISCLAIMER: Investing into cryptocurrency and DeFi platforms comes with inherent risk including technical risk, human error, platform failure and more. At certain points throughout this post, we might get commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.
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Last week in review:
????$0->$3B in less than a year: Looking Ahead with Aave in 2021 ft. lead dev Marc Zeller
????DeFi By Design EP #20: 2021, The Year of The Stablecoin?
Check out some previous interviews:
DeFi Slate x TheEther: A social governance experience for Ethereum
DeFi Slate x Nick Fett: Oracles, Tellor, and the future of DeFi
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