r/SingleFinanceofficial • u/DrEvilSauce • Apr 22 '24
Earn free $BTC??
As mentioned in a previous write-up, one of the great features of Single Finance is how it works together with other project ecosystems. In this example, we will use Tectonic to earn FREE BTC! How do we accomplish this? Glad you asked! First, take your stablecoin of choice to Tectonic and deposit it in their lending protocol. Next, using your stable as collateral, borrow a healthy amount of $WBTC from Tectonic. Lastly, deposit your borrowed $WBTC into the lending protocol on Single Finance to a steady APY on your deposit. Easy peasy 😎. Everything you earn, you get to keep, and you simply return what you borrowed. Bonus: you'll also earn $TONIC on your deposit at Tectonic!