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/biz/ - Business & Finance

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27859794 No.27859794 [Reply] [Original]

What if you took out a loan for 500k and dumped it all into ALGO. Assuming an average buy in price of $1.5 after your buy in pumps it that's 333,333 ALGO. Given current annual yield of 7.27% that's 24,240ALGO/$48,480 a year. Solely paying the interest every month assuming a 5.5% interest rate is 2,291.67 a month. Realistically, how long could you get away with only paying back the interest?

>> No.27859962

Pls don't I need algo to dip to accumulate

>> No.27860082

>>27859794
What if the loan you took was collateralized by LINK on AAVE and you traded your temporary USDC for ALGO

>> No.27860346
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27860346

>>27860082
Possibly even better. I'm thinking more of starting from nothing though.

>> No.27860502
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27860502

>>27859794
Based and al gorepilled

>> No.27861391

unfathomably based

>> No.27862013

>>27860346
You can't get a loan, especially that amount, without a deposit. And no one would ever give you a $500k loan with less than $100k in your bank.

>> No.27862096

>>27859794
fantom gives 14%