Borrow USDT on TomoDEX when the TOMO price is low, then payback when high

This is what I did: when the price is low (like it’s $0.43 now), i use my existing TOMO (10k) as collateral to borrow $3k USDT, then use these USDT to buy 6.9k TOMO. Hopefully in the next 7 days (lending term) the price will raise up to $0.5 again, then I can sell my TOMO to payback the loan, and make 15% profit easily.

What’s your strategy to profit when the market gets low?

Nice idea. i would personally prefer longer loan durations as tomo prices have shown a tendency to be trade in a tight range for a period of time…maybe 1 month, 3 months might be my preferred time horizon to take out a loan

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I share the same view and strategy. With expectation that TOMO’s price will increase while USDT is quite stable, I will borrow USDT to buy TOMO then I can sell TOMO at higher price later to payback the loan and make profit.