Short DAI
Earn instant return by arbitraging DAI price
Last updated
Earn instant return by arbitraging DAI price
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 following sequence.
Benefits
When DAI > $1. Arbitrage benefit due to price difference of DAI & USDC.
Help make DAI stable.
Recipe
Instapool: borrow DAI
OasisDEX: swap DAI with USDC
MakerDAO: open USDC vault
MakerDAO: deposit USDC in vault
MakerDAO: borrow DAI from vault
Instapool: payback DAI
Requirements
User should have base amount of USDC to perform the leverage. Liquidation on Compound is 83.33% which means for 1 DAI borrowed, user needs to have the balance of 0.25 USDC for collateral to perform this spell.
Maker vault minimum debt requirement is 20 DAI.
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