Pike
@pikefinance
Borrowing in DeFi? Know your costs! Interest rates, transaction fees, opportunity costs, and liquidation penalties can eat into your profits. Save money by borrowing when rates are low, using Layer-2, and keeping a buffer to avoid liquidation. (1/5)🧵
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Pike
@pikefinance
2/ Stay ahead of the game in DeFi! Track volatility, interest rates, and macro factors to make informed decisions. Use tools like DeFiLlama, Dune Analytics, and news feeds to stay updated.
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Pike
@pikefinance
3/ Build a resilient DeFi portfolio! Diversify your collateral, pick smart borrowing assets, keep a buffer, and hedge your risks. Use a mix of assets like ETH and stablecoins to spread risk.
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Pike
@pikefinance
4/ Master DeFi borrowing! Know your costs, track trends, build resilience, and match borrowing to your goals. Advanced moves can amplify returns but are risky. Dive into the full blog here - https://community.pike.finance/advanced-risk-management
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Pike
@pikefinance
5/ *This educational content prepared by community members is for educational purposes only and not financial advice. If you spot any inaccuracies, let us know!
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