Debt Bridge
Example of how to move Debt between protocols
Last updated
Example of how to move Debt between protocols
Last updated
Step 1
or just use your browser console.
Step 2
Step 3
Trigger the following uniquely designed spells to fulfill this use case. Check for generic details around casting spells.
The DSA will cast the spells across the , and connectors in the specified sequence.
Benefits
When Borrow rate on Maker > Compound. Pay less interest on your debt.
Help make DAI stable.
Recipe
Instapool: borrow DAI
MakerDAO: payback DAI
MakerDAO: withdraw ETH
Compound: deposit ETH
Compound: borrow DAI
Instapool: return DAI
Requirements
User must have a Maker Vault.
Be sure to check the borrowing power on Compound to have enough margin from liquidation.
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Benefits
When Borrow rate on Maker < Compound. Pay less interest on your debt.
Help make DAI stable.
Recipe
Instapool: borrow DAI
Compound: payback DAI
Compound: withdraw ETH
MakerDAO: deposit ETH
MakerDAO: borrow DAI
Instapool: return DAI
Requirements
Be sure to check the borrowing power on MakerDAO to have enough margin from liquidation.
User must have a Maker Vault. If not, in the same transaction itself.