Inspired web3 dev
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All assets of that forks will cost approximately nothing except for ETH.
The simplest way to do this is to accumulate as big amount of ETH on your own address as possible. Then you will be airdroped when the merge is take a place.
There are few ways to do this:
Buy ETH (for degens and maxis)
Borrow ETH using Compound since AAVE already restricted ETH borrowing
The second option is good enough, but I guess it will be used by everyone in DeFi and the rates will spike.
Also you can just sit in stables and swap it after the merge to powETH, but you need to hurry up, there will be huge demand for ETH and zero for stables.
Here is where my idea is coming to. We assume powETH cost something, therefore each asset backed by powETH does too. Because borrowers would still need asets borrowed against ETH to repay their debts and redeem ETH.
I would name DAI, but it mostly collateralized with USDC, not ETH.
Consider shadow gems for this special case: RAI and LUSD. Fully decentralized stablecoins that fully and only backed by ETH.
It’s definitely safer to buy such assets instead of volatile ETH to get airdrop. But you can also consider low rate borrowing it on AAVE.
All assets of that forks will cost approximately nothing except for ETH.
The simplest way to do this is to accumulate as big amount of ETH on your own address as possible. Then you will be airdroped when the merge is take a place.
There are few ways to do this:
Buy ETH (for degens and maxis)
Borrow ETH using Compound since AAVE already restricted ETH borrowing
The second option is good enough, but I guess it will be used by everyone in DeFi and the rates will spike.
Also you can just sit in stables and swap it after the merge to powETH, but you need to hurry up, there will be huge demand for ETH and zero for stables.
Here is where my idea is coming to. We assume powETH cost something, therefore each asset backed by powETH does too. Because borrowers would still need asets borrowed against ETH to repay their debts and redeem ETH.
I would name DAI, but it mostly collateralized with USDC, not ETH.
Consider shadow gems for this special case: RAI and LUSD. Fully decentralized stablecoins that fully and only backed by ETH.
It’s definitely safer to buy such assets instead of volatile ETH to get airdrop. But you can also consider low rate borrowing it on AAVE.
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