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Andy-Lau Tak-wah

If I borrowed USDX with BUSD, should I be concerned

if USDX lose peg (if it happened)? I was thinking even if USDX drop to $0.10, I will only return USDX and get back my BUSD at no loss?

#blockchain #cryptocurrency #english #kava
0

4 ответов

5 просмотров
Denis-Rublev

Yes, if busd is $0.1, you have to return the same amount of usdx you borrowed

0
28.09.2021
Andy-Lau Tak-wah Автор вопроса

i still get back the $10000 i deposited to get the USDX correct?

0
28.09.2021
Denis-Rublev

You deposited $10k busd and borrowed 9k usdx. Either usdx is $0.1 or even $10 you have to repay 9k usdx (borrowing with busd is interest free). Then you can withdraw $10k busd you locked

0
28.09.2021
Cameron | Kava (I will never DM first)-

What @NotDenisRublev mentioned above is correct. Also, USDX will be always pegged to one US dollar on the Kava Mint.

0
28.09.2021

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