Hi my friends,
Some weeks before i was starting a power down at my steemit account and in a few days i will have a good amount of steem in my wallet.
I was wondering how i can invest with this amount to make a profit.
My first thought was to transfer to my hive wallet and power up my account with hive and earning from curations.But is not very big amount and will not give me a lot of hive power.
Another thought was to buy some Ethereum and make a CDP vault and borrow some Dai from MakerDao .If you don't know what is MakerDao i will explain with some words.
At Makerdao you can lock Ethereum and this will create and gives you Dai .
For example.If you have 1 Ethereum and lock this at MakeDao you will receive an amount of 70 Dai .At this time price of Ethereum is 215$ .To be a safe exchange you have a liquidation ratio that will be around 300% .This means that if Ethereum price drops down from 107.5$ then the system will liquid your collateral Ethereum and you will have a penalty of 13% and the Dai that you take and you will be able to take the Ethereum that remains back. Also if this not happen you can give back the Dai you receive and take back all Ethereum you lock.
After that i could use Dai and invest whatever i want to make a profit.
I was thinking to buy Leo and increase my Leo power .Then i will take more curations and i will pay back with Dai the loan and take my Ethereum back.
Do you have something else to suggest me to do?
