How to Borrow & Lend Crypto on Compound Finance (Easy Guide)
This tutorial will show you exactly how to borrow and lend crypto (USDC, ether) via the Compound Finance protocol.
Compound is a decentralized, permissionless protocol that allows anybody to connect a web3 wallet like metamask and lend/borrow crypto assets.
Be careful with liquidation risks though!
#eth #ethereum #compoundfinance
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https://kryptocove.com/f/how-to-borrow-lend-crypto-on-compound-finance-easy-guide
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but how can i withdrwal my supplied eth to my metamask back ….plz help
HI, in your example upon liquidation, you'd lose all your ETH but your USDC position (if it were a different token) would be worth more because you're essentially shorting what you borrow? is that right?
Seems like a cool idea without a lot of questions answered.
I was just going to ask if this is similar to AAVE where you can put ETH as collateral to borrow USDC
Thanks for the video. I've been lending ETH for the past few days and borrowing about 9% of the collateral in USDC. How can I see the accrual of the yield on my ETH I've supplied?
Thanks. I put money in. I hope the risk is not too high. I guess it's safe enough.
Is the interest APY fixed?
Thanks for the video. I had a quick question. If I am borrowing something and the APR says, for example, 5% USDC and 2% Compound, does that mean they’re paying me 2% in Compound just to borrow USDC (while also charging me 5% in USDC)?
I ask because I don’t hold any Compound, so I’m not sure how they’d charge me for it.
Have you tried this on the ETH chain? Seems to be requiring a minimum borrow on 100 USDC, which isn't clear prior to adding collateral. Having searched the documents on compound, I can see this: Compound III implements a minimum borrow position size which can be found as baseBorrowMin in the protocol configuration. A withdraw transaction to borrow that results in the account’s borrow size being less than the baseBorrowMin will revert.
Interesting as all articles online state that there is no minimum borrow on Compound. Curious of your thoughts. Good video by the way 🙂 great clear and concise.
Ty ser