How to Borrow & Lend with MarginFi (Easy Tutorial)

📽️ This is the 15th video of the course 'Seb Monty's Solana School - Beginner Level.'

In this video, we'll quickly cover:
How to lend or borrow crypto using Marginfi.💰

My name is Seb Monty, and this is part of the course designed to take you from 'Zero to Hero,' providing all the blockchain skills needed so you can excel in the Solana ecosystem and hopefully make some profitable crypto trades. 💰🧠

The following topics are explained in simple terms with the walkthrough: 👇🏻
🔹 How does Marginfi work?
🔹 What are Mrgn points?
🔹 UXD - Stablecoin
🔹 Which is the safest stablecoin?
🔹 How to lend & earn annual percentage yield (APY)?
🔹 How to swap USDC to UXD?
🔹 How to lend by depositing SOL/USDC?
🔹 How to borrow SOL/ETH?
🔹 Tips to maintain a good health factor
🔹 Find out if this is a non-taxable event
🔹 Aave - Lend/Borrow on ETH network
🔹 How to pay back your loan?
🔹 How to claim UXP?

📅 Important note 24 Aug 2023:
Every day for the next 6+ weeks, a new video will be uploaded to help you understand Solana & Crypto.
Keep an eye out for links to the full course so you can seamlessly transition from one video to another. Coming very soon & 100% FREE! 🔍
What is an aggregator?

Link for the full course:
https://youtube.com/playlist?list=PL-NLevh5gXjkHH0PaeVamKM4gnGMhiG2h

Who am I?
☆ https://twitter.com/SebMontgomery

Who do I Stake my SOL with?
☆ https://twitter.com/Validatorcom

What is my Profile Picture?
☆ https://twitter.com/DegenApeAcademy

⏰Timestamps⏰
00:00 - Intro
00:11 - How does Marginfi work?
00:44 - Mrgn Points
01:14 - UXD - Stable coin
02:04 - Safest stablecoin
02:10 - How to lend & earn APY?
02:27 - How to swap USDC to UXD?
02:56 - How to lend by depositing SOL/USDC?
03:18 - How to borrow SOL/ETH?
03:39 - Tips for good health factor
04:16 - Non-taxable event (NFA)
04:45 - Aave - Lend/Borrow on ETH
04:54 - How to pay back your loan?
05:35 - How to claim UXP?
06:11 - Next video

Links:
Phantom Crypto Wallet: https://phantom.app/
Marginfi Twitter: https://twitter.com/marginfi
Marginfi website: https://app.marginfi.com/
Binance exchange: https://www.binance.com/en/activity/referral-entry/CPA/incremental?ref=CPA_00R34Q8Y0Q
Binance Code: CPA_00R34Q8Y0Q
__________________________________

Disclaimer: I am not a financial advisor. This is an educational tutorial and guide.
Always DYOR (Do Your Own Research) and ensure you learn the pros, cons, risks, and rewards before you put your hard-earned money to work. Nothing is financial advice.

Xrp, Solana, Bitcoin, BTC, Ethereum, ETH, Cardano, Ada, Doge, SHIB INU, SOL, Crypto, Crypto Price Prediction 2024, Crypto Price Prediction 2025, Crypto Price Prediction 2026, Crypto bull run.