I just deposited ~$15,000 USDC and ~1.2 ETH in Compound on @Ronin_Network so I could borrow 30,000 $RON for @Moku_HQ's Grand Arena raffle. Did this in the last 15mins so I'm not charged the high borrowing APY for too long. It's only high because I'm not the only one doing it 😅

This also presents an opportunity for lenders. When there is a high demand for $RON borrowing, lenders can get a juicy APY. Supplying $RON on Compound right now gives 14.63% APY which is higher than staking rewards and has no lock period. This will fluctuate on supply/demand.