How to Swap Debt and Swap Collateral with Instadapp to Maximize COMP Mining
A few weeks ago, I created this tutorial on how to maximize COMP mining by using Instadapp: • How to Maximize Earning $COMP By More Than...
This is a follow-up tutorial about new tools for Debt Swaps and Collateral Swaps so that I can look to move my collateral + debt positions to the Compound markets, where lenders and borrowers are being paid the maximum amount of COMP.
In this video, I discuss the following:
1️⃣A recap of how I originally used Instdapp flash loans to transform 100 DAI lent, to 300 DAI lent + 200 USDT borrowed
2️⃣What changed with how COMP is distributed
3️⃣Examining how flash loan transaction costs can eat up COMP profits and how much I might consider lending in the future to ensure profitability
4️⃣3 new Instadapp tools for importing a position, swapping debt, or swapping collateral to maximize COMP earnings
5️⃣Recap of risks to consider
Check out the Instadapp DSA (DeFi Smart Account) tools at: https://dsa.instadapp.io/compound
Helpful Resources:
🛠️Watch my original tutorial on how I used Instadapp to maximize COMP mining: • How to Maximize Earning $COMP By More Than...
🛠️Check out the COMP Markets Distribution table to see which markets are earning more COMP: https://compound.finance/governance/comp
🛠️Check out the gross supply vs gross borrowed in each of the 9 Compound markets: https://compound.finance/markets
📺For more DeFi tutorials like this, please subscribe to DeFi Tutorials with DeFi Dad on Youtube and follow @DeFi_Dad on Twitter at / defi_dad
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Disclaimer & Risks: The Instadapp and Compound teams did not pay me to produce this video. This is not financial advice and you should approach all DeFi applications, wallets, protocols, and tools with caution. Please be aware there is always risk in using DeFi, including technical risks (ie smart contracts hacks), financial risks (ie liquidity crises), and potentially admin risk (admin key compromise, governance vulnerabilities). Also there is risk whenever using leverage (if it's ever used), and there's risk of the dollar-peg failing in any stablecoin.
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