Ether and Bitcoin are UP! Print $60 dollars more and buy more ETHER

Main Steps in this guide:

• Print $60 DAI in oasis.app
• Swap $60 DAI for 0.22 ETH in Uniswap

In the first 3 guides we built the portfolio:

• 2 Vaults of Ether and Bitcoin
• Vaults allowed us to print $400
• $400 were used to build 2 leveraged positions of ~2.5x in bitcoin and ether

Print $60 DAI in Oasis

• go to oasis.app
• click on borrow Dai:

• then connect a wallet, we’ll chose MetaMask:

• these are the 2 vaults with Bitcoin and Ether:

Since price has risen the collateral of the vaults has appreciated against the dollar and allows to print more dollars

• Click on the ETH vault → Manage Vault
• Click on Generate in order to print $DAI

• Printing 60 dollars will put our liquidation price at $195

if the ether price goes below we’ll cover our debt before it goes under $200 so our vault doesn’t suffer liquidation and penalty fees.

• Transaction fees for printing DIA are very high now, we click Confirm:

• 60 $DAI are worth 62.05 $USD

Swap $60 DAI for 0.22 ETH in Uniswap

• What we do? Buy more Ether on uniswap to increase our eth stack!
• Click Swap:

• Confirm Transaction

Such a simple interface to swap freshly printed dollars. Stay tuned with Uniswap Twitter as it is always innovating and rewarding liquidity providers. Anyone can be a liquidity provider and earn fees ; the last trend is to mine tokens that give rights to governability and more, like Yearn Finance and MonteCarlo DEXchange that are generating weekly rewards of 15%, that’s ~700% return annually while you keep the initial investment.

Next guide to increase our ETH in Montecarlo DEX!

Disclaimer:

NO INVESTMENT ADVICE

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the Site before making any decisions based on such information or other Content. In exchange for using the Site, you agree not to hold the author liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through the Site.