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Dai stable coin value
So if I bought DAI using my eth with a price of $400, and then the price of eth becomes $300 in a week or so. Will I lose the value of my DAI when I withdraw it at the eth price of $300?
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Blockgks @blockgks
Blockgks @blockgks
Did you swap ETH for DAI or did use ETH as a DAI LOAN?
blogger owl @blogger-owl
blogger owl @blogger-owl
I just swap eth for dai in uniswap and lend it to compound. Should I swap it again to eth, and loan that eth to compound?
Ameer Rosic @ameerrosic
Ameer Rosic @ameerrosic
If you are long ETH, then use a Leverage on AAVE or COMPound to get exposure to DAI. But be careful not to get liquidated. Make sure you have a healthy LOAN to Value ratio
blogger owl @blogger-owl
blogger owl @blogger-owl
Got it. Thanks for the great info.