USDV: Profit Use Case

April 15, 2022
Ecosystem Updates , Stablecoin , Velero Dao
0

Dear community!

We wanted to share a possibility how to earn extra 10–15% in current situation, if you already opened a vault.

Let’s check it step by step, you should:

1) buy USDV on WagyuSwap (https://exchange.wagyuswap.app/swap?inputCurrency=0xd12f7A98C0d740E7Ec82E8caF94EB79C56D1B623) in the pool from BUSD at 0.85.
2) partially repay the debt of USDV in the vault (USDV was issued at a price of 1).
Important: the debt in the vault can be repaid PARTIALLY.
3) withdraw excess collateral (VLX or WAG).
4) sell it for BUSD on WaguySwap.
5) rejoice in profit!

Enjoy!

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