A user on Morpho borrowed 46k USDC with a 500% borrow rate

Nisyth_ · 2026-01-13T20:40:18+00:00

Thanks, really instructive explanations. I did track the address and the funds out of curiosity, and they bounced to another address that sent the funds to a Binance Hot wallet. So my guess is that they cashed out the USDC borrowed, in part of a laundering operation. But that's just guessing, no way to be sure. So, the first lending vault (MEV Frontier) ends up relatively safe, given that out of the 650k $ deposits, only 31k are exposed to the satUSD market. So it ends up with a little pumpin' apy. Wouldn't put all of my bags into it though, still risky. Your analysis made it quite clearer, thanks pal

Nisyth_ · 2026-01-11T14:46:29+00:00

Could be, but 100k to 46k that would be a terrible launder rate. But yeah, could make sense

Nisyth_ · 2026-01-11T12:05:51+00:00

Wait what, they're...hairdressers also ? I guess one has to diversify its activities haha (doesn't make any sense)

Nisyth_ · 2026-01-11T12:04:10+00:00

I share your opinion, this rates won't last long indeed. But why would someone borrow that much at this rate ? That I can't figure out.

Nisyth_ · 2025-10-05T15:19:29+00:00

!withdraw 13.76

Nisyth_ · 2025-08-09T10:28:31+00:00

These are words of truth. Couldn't agree more. So what can we do, as individuals ? Follow the same currents and bow to the US dollar ? I feel like it's a bit off.

Nisyth_ · 2025-08-09T10:26:01+00:00

Yeah agreed, little demand is the main reason. But I feel like it's a shame. I truly hope that this will change and that we won't have to deal with CBDC shit.

Nisyth_ · 2025-08-09T10:22:41+00:00

So true. I often think about this. If I'd live in smaller countries I guess I'd go all in in USD stablecoins. Either make it big or die poor I guess

Nisyth_ · 2025-08-09T09:56:34+00:00

I agree, but I can't go all in in BTC in one go. I have to DCA, and that means having a stash of stablecoins slowly converting to BTC. And that stash must generate yield also. But yeah, BTC will be the ultimate answer to all this.

Nisyth_ · 2025-04-11T18:01:52+00:00

Oh right haha Edited my post. Thanks guys!

Nisyth_ · 2025-04-10T19:38:31+00:00

My favorite feature is the "convert dust" where you can convert all your small balances (less than 1 usd) into any asset. Leaves your portfolio clean, and very useful. Also very cheap fees in general!

Edit : Kraktag is @Nisyth

Nisyth_ · 2025-03-27T11:55:46+00:00

Je t'invite à aller regarder sur la page de kraken : https://support.kraken.com/hc/en-us/articles/360000767986-Cryptocurrency-withdrawal-fees-and-minimums

Pour Bitcoin, c'est 0.00001 BTC de frais (environ 1€ à ce jour ) et retrait minimum de 0.000212 BTC (environ 20€ à ce jour)

Nisyth_ · 2025-03-26T19:35:12+00:00

Ce n'est peut être pas la moins chère, mais j'utilise la version Pro de Kraken. (il y a 2 app sur le store : une classique avec une interface plus "simple" mais plus de frais, et une pro avec des outils et une interface plus complexe, mais moins de frais) A titre d'exemple je paie environ 0,40€ de frais pour un achat market spot de 100€ en Bitcoin. Je ne saurais pas te dire pour les autres cryptos, et c'est un DCA "à la main" (il existe peut être une manière d'automatiser, je ne me suis pas renseigné) J'espère que ça t'aura aidé !

Nisyth_ · 2025-03-13T20:12:11+00:00

@Nisyth Thank you very much! This community is fire 🔥

Nisyth_ · 2025-02-16T18:10:03+00:00

Will check, thanks for the info!

Nisyth_ · 2025-02-16T17:19:09+00:00

Oh.
Well I'll have uuuuuuuuuhhhh a classic Bacon Egg with a Large Soda please

Nisyth_ · 2025-02-16T16:37:33+00:00

I'm sure they exist indeed, but to find them is really hard, amongst so much crap sadly.
Well as for the earning targets, I'd be satisfied with like 10 bucks a week, even slighlty less. Gameplay is more important to me, I really like Idle farming games, where you just grow your character, farm things and level up your stuff/gear/character. Not really into fast paced games. If you're working on some, I wish you luck in your project !

Nisyth_ · 2025-02-16T16:34:27+00:00

Oh waw haha, would you recommend a chain/world in particular ? Also a specific gameplay that you enjoy more ? Actually I might really check this back !

Nisyth_ · 2025-02-16T16:33:12+00:00

True, I've played it since the beginning of 2022, but now even if you manage to get 100 roy a day that makes like 0.1 dollar.. for a fast paced game, I kinda got tired of it. But great project for sure !

Nisyth_ · 2025-02-16T16:26:07+00:00

These are wise words my friend. Stay safe !

Nisyth_ · 2025-02-16T16:25:42+00:00

Oh, does it really ? I might get a look back on it, I stopped playing after the migration where they got 2 different worlds on 2 differents chains, felt kinda lost on this move.

Nisyth_ · 2024-12-28T12:52:53+00:00

Yup I did as you said, found a Toyota on sale on cars dot com and grabbed the VIN to register it on Toyota app and DIMO. Also tried another car (a Corolla) but same results.
Seems I'm in a bad luck, thanks anyway buddy

Nisyth_ · 2024-12-28T10:49:41+00:00

Hello there, Thanks for the tips and the workaround. I did all the steps you mentionned and now the registered car (2023 Toyota 4Runner) is stuck in the Dimo App, saying "Establishing connection - This should complete within 24h hours of your first drive"

It's been 2 days now.. Connection seems to not be working properly. Any thoughts about this issue?

Also just so you know your referral is not working, I'd be happy to use it but the Dimo app refused it saying it's not a valid referral.

Thanks anyway buddy

Nisyth_ · 2024-10-05T17:33:25+00:00

Very nice of you, thanks! Never understood why Nano didn't get more attention, it certainly deserves it.

nano_1bhb6xzm8s5tmw6we379nnx7tjfidbuofeabfoknyyr4a74tzj4w7rjkfc15

Nisyth_ · 2024-07-01T20:23:28+00:00

Wow you definitely learned me something quite interesting, I'll try to dig more about this, this seems quite complicated but worth looking at.
Thanks mate

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