WOW one of the biggest opportunities to eat a DeFi platform's lunch has just presented itself for @THORChain
MakerDAO has "Temporarily" raised their interest rate to 17.25% as of 12 hours ago. I was running math on my vault and I am now paying $60,375 PER YEAR in interest payments to $DAI
If I migrate my entire vault to $RUNE's lending platform for a 0% APR, No Liquidation Loan I will save $60k per year
Additional benefit is that it is L1 BTC on Thorchain vs Wrapped Bitcoin on MakerDAO.
I believe this is a no-brainer move for almost every MakerDAO vault user right now. I've been a happy customer for over 5 years now but Thorchain just dropped the hammer
Pun intended.
$60k per year is huge. And even more so, when it comes BTC vis-a-vis WBTC......
Yeah 100%. Lots of benefits to moving to TC
Very nice savings.
Wow Rune is at $9 now.
It is going to suck up so much liquidity.
It really is. Glad I positioned a large % of my portfolio in $RUNE the past few months
yeah smart move.
i did $AKT instead and worked out well went from $0.18 to $6.3 taking profits now and looking at Thorchain Vaults.
Great work! That's incredible
thanks man, but doesnt come close to your 9.3 BTC bags.
Has to feel really good right now.
Will you vanish if Rune goes to 1000$?