Exploring advanced methods for cryptocurrency investors to obtain stablecoins and buy the dip without selling their existing holdings at a loss.
Points
- Borrow USDT using supplied MNT through Mantle.
- Borrow SUI to obtain USDT for dollar-cost averaging.
- Emphasize the importance of managing liquidation percentages and maintaining a healthy loan-to-value ratio.
In the volatile world of cryptocurrency, finding funds to buy the dip can be challenging, especially when working with a limited portfolio. Selling your assets at a loss to buy others is not always the best strategy. Here are two advanced methods to get more stablecoins out of your existing holdings without incurring losses.
1） Mantle
You can borrow USDT directly using the supplied MNT. It’s crucial to always check your liquidation percentage and maintain a healthy loan-to-value ratio. A significant price dump might result in liquidation.
https://x.com/0xMantle/status/1761019591319568635
This method allows you to leverage your MNT holdings to obtain stablecoins, enabling you to take advantage of market dips and dollar-cost average your investments.
2） Sui
Borrowing SUI involves a 3 SUI borrowing fee. It’s recommended to keep the loan-to-value ratio low to avoid market surprises. You can sell the borrowed SUI to get USDT, which can be used for dollar-cost averaging.
https://x.com/suilendprotocol/status/1809947291022729373
By borrowing SUI, you can increase your purchasing power during market dips without selling your existing assets at a loss. Always monitor your liquidation percentage and maintain a healthy loan-to-value ratio to mitigate risks.
Should We Lend ETH and Others?
Lending ETH and other assets can be another way to generate funds, but it carries its own risks and rewards. The information discussed by Altcoin Buzz is for educational, entertainment, and informational purposes only. Always do your due diligence and understand the risks before making any investment decisions.
解説
- Leveraging Assets: Using platforms like Mantle and Sui to borrow stablecoins allows investors to buy the dip without selling existing holdings at a loss, enhancing their investment strategy.
- Risk Management: Maintaining a healthy loan-to-value ratio and monitoring liquidation percentages are crucial to avoid forced liquidations and losses.
- Alternative Lending: Exploring options like lending ETH can provide additional funds, but it’s essential to understand the associated risks and manage them effectively.
- Educational Focus: The strategies discussed are for advanced users and carry risks, emphasizing the need for thorough research and understanding before implementation.