MMF.Money (MMF) Tutorial - How To Leverage Stablecoins on Cronos
CryptDO
MMF MUSD SVN Burrow USDC USDT | In this video I demonstrate how to leverage your stable coin deposits on MMF.Money by depositing your USDC/USDT into Tectonic (and soon to be Mimas and Annex). I originally started off by using USDC deposit from Tectonic, however there was not enough MUSD available to mint and I had to switch to $600 of USDT. So, this strategy example used a $600 USDT deposit into Tectonic to receive $600 worth of tUSDT. I then deposited tUSDT into MMF.Money, leveraged it ~2x (by borrowing $441 MUSD) and then I walk you through how to repay the loan. This is a great strategy to leverage up your stable coins since the protocol will automatically convert all your $ for you and save on gas fees.
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Stablecoin Swap (for MUSD): https://stable.mm.finance/swap MMF Exchange Link: https://mm.finance/?ref=MHhmRTVCNzYyYzkwMWNhMTk4MGJEMWYwOUE5MjQ2NzhiZUYxRjU0OTZB
TUSDT contract: 0xA683fdfD9286eeDfeA81CF6dA14703DA683c44E5
Make sure you watch my Mimas or Tectonic Leveraging videos if you have not already. It will help you understand this strategy better. Tectonic Video: https://www.youtube.com/watch?v=63_QIU1HriA&t=59s
00:00 Intro 00:35 What is $MUSD? 01:25 Tectonic Leverage Video 01:45 Strategy Summary Document 04:01 Deposit into Tectonic 05:48 Deposit tUSDC into MMF.Money 06:38 How to calculate your LTV 07:46 Choose your Leverage 08:27 Add tUSDT deposit and borrow MUSD 12:10 Repay loan strategies 13:27 Withdraw tUSDT deposit from MMF.Money and Tectonic 14:15 MM Stableswap (USDT into MUSD) 14:55 Deposit MUSD into MMF.Money to repay loan 15:20 Updated LTV 16:25 Loan paid off on MMF.Money 17:00 Video Summary ... https://www.youtube.com/watch?v=2fKIqyXxgo4
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