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by dabeeeenster 1521 days ago
"One example is on Kaurura. I have KSM, Stake that KSM for a 19% APR Rate. Throw that LKSM into a vault and mint AUSD as long as i have 160% collatoral ratio. I can then use that aUSD i printed, buy other assets and participate in liquidity pools, which are giving anywhere from 50% to 300% APR."

I'm sorry, but this sounds ridiculous.

1 comments

It sounds like someone at a horse track who has brought along his loan shark.