In this clip from the LeoFinance AMA, Mitch and I talk about how we're investing in the current crypto market. It's kind of crazy right now. Things are going all over the place and it's very difficult to tell where things are headed.
During this clip, it was just before the massive run BTC has recently seen. The hindsight is very 20/20, you can see how well the strategy I talked about has been working.
- Dollar cost average into BTC
- Wrap to WBTC
- Deploy to a collateralized lending vault on MakerDAO
- Borrow DAI
- Convert to HBD
- LP bHBD-BUSD on https://cubdefi.com
- Rinse and repeat
This strategy is such an incredible bear market strategy. I'm taking advantage of growing my BTC stake and my exposure to the crypto market when it eventually re-enters a bull market 6 months, 12 months, 18 months or 2 years from now (however long it takes) while simultaneously growing the amount of yield I generate from assets on a daily basis thanks to the DAI loan.
- Khal safe strat with incoming fiat is to buy BTC and putting it into wBTC on ethereum and deploying it into a Maker DAO vault, taking a 1/3 loan against it in DAI and then converting it to HBD and LPing on CUB for a 25% APY - lot’s of exposure to BTC by being able to LP
- BTC might not go lower, but Cat hopes it, but we need a catalyst (either up or down). We’re still in a descending channel though.
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
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