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Maker
$2,776.13 -6.80%
MKR · 2w

Why is it much more expensive to borrow USD via BlockFi than the route via Dai?

Just curious why someone would borrow USD at much higher interest rates via BlockFi (other than simplicity) than borrowing DAI, converting to USDC, then to USD? Can someone point out the pros and cons of each? Just trying to understanding. Thanks.
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makerdaoupdates.substack.com

The State of Dai | Episode 15

Maker
$2,776.13
Recent News
MKR -6.80% · makerdaoupdates.substack.com · 17h

The State of Dai | Episode 15

Dai-lights DeFi Fall’s been a season of bridging and farming, a trend that’s likely to continue into the foreseeable future. Avalanche started slow, but once it got rolling it never stopped. The chain...