How to best borrow stables on Aave with Bitcoin collateral without using a CEX? 1. Mint tBTC for 0% minting fee on @TheTNetwork 2. Swap 1/3 of tBTC to cbBTC 3. Swap 1/3 of tBTC to WBTC 4. Deposit tBTC, cbBTC, and WBTC to Aave 5. Borrow up to 39% LTV in stables Liquidation for tBTC, cbBTC, and WBTC on Aave happens at 78% LTV, borrowing up to 39% LTV means you can sustain a 50% drop in BTC price without getting liquidated. Spreading the issuer risk equally over tBTC, cbBTC, and WBTC means that you could survive the total loss of one wrapped Bitcoin variant (at 39% LTV) without losing your entire position. Use Rabby Wallet, not MetaMask. Monitor Bitcoin price to not get liquidated. Use Aave on Ethereum to not add L2 risk. Swap with Matcha, for example. tBTC redemption fee is 0.2%. What you borrow (USDC or USDT) doesn't really matter, remember you are short. If you want even shittier fiat borrow EURC, but keep in mind that the liquidity is generally a lot lower. Combine that with a credit card that you can top up with USDC and you can enjoy a life where you are always short fiat. What you pay in interest on Aave doesn't really matter, if BTC doesn't return more than that over the mid-term you shouldn't be long BTC anyway. Cash is trash — so go short fiat and inflation will become your friend.