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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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.

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 -

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

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!

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.