Doesn't explain how you wash out tax dues, because you tie up your money/liquidity as a collateral loan? That's smart then
I won't say the loans are cheap tho, 5-10% APY is okay for a short term trade but bank loans are lower than 5% I think. Current ECB rates seem to be 3% can't get a loan this cheap. But compared to what you need to get a bank loan vs. collateral defi loan it's okay I guess
Can also be use for shorting and longing.
Longing: deposit BTC, borrow USDC, buy BTC with borrowed USDC and pray to god you don't get liquidated.
Shorting: Supply USDC, borrow ETH, SELL ETH IMMEDIATELY (as one should the piece of shit), then hold that USDC, when the time is right, use that USDC you got from selling borrowed ETH to buy back some ETH, and pocket the difference