can you please publish an official guide how to pay off your debt with LP-Tokens bought on WX-Exchange, and pin it in this chat and on vires?
Currently you can make at least 20% profit if you offset your debt with LP-Tokens, but I think most borrowers don’t know how.
This will help strengthen the LP-Price, and brings trust back.
Buying LPs and paying debt with them is currently profitable till $1.16 Vires_USDC_LP(since USDN is still depeged $1.07 currently)
Is this considered defi arbitrage? Have you figured this out yet? I would like to experiment as this concept is intriguing.
Well, if you have debt, you can certainly try that out. The problem and what everyone is waiting for is the continuation of borrows in USDC/USDT…
So atm it makes only sense to buy LPs if you speculate on them opening borrows soon again, or if you already have USDT/C debt.