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RE: Taking A Look At Commodo - The New Lending And Borrowing Platform Being Built On Comdex

in LeoFinance9 days ago

Commodo will be an interesting use case built on Comdex. I'm looking forward to playing some strategies with this.

  • Deposit CMDX staking rewards into a vault each day to mint some CMST.
  • Deposit minted CMST into Commodo.
  • Add yield from lending CMST back into the vault with staking rewards to keep growing the positions.
  • Rinse and repeat every day.

Risks being:

  • Liquidation of CMDX vault - low risk due to extra collateral being added every day.
  • Platform risk on Commodo of deposited CMST.
  • Yield on CMST being low/not worth the effort.

Just one play I am thinking of.

Can't wait till these platforms go live.

Posted Using LeoFinance Beta


Dude that is a solid strategy... I like it, may steal it, lol

Haha, steal away - but NFA, I don't know if it will work.

I did expand this thought process out into a post of its own.

Next thing for me to research is to look into if I can learn enough to run a validator of my own. Not very technical, but will research. I know bare-metal is the gold standard, but pretty sure I'm not capable of that. Thinking of running on Akash, but gotta learn a lot more first.

Posted Using LeoFinance Beta

Should look into running an Akash node on Akash network!