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bibimbap🦞-

If i borrow against BUSD to mint USDX, and USDX

price falls , can i still repay the loan at any time for the original BUSD value?

i.e. is there any liquidation risk to borrowing USDX against BUSD?

#blockchain #cryptocurrency #english #kava
0

11 ответов

24 просмотра
Matt-O

Basically zero. I borrow usdx at 98% busd. Only risk is if usdx goes more than a couple cents above $1 which doesn't happen. If usdx price falls its fine. Nothing to worry about & welcome to the 500% apy savings account.

0
14.10.2021
Matt-O
Jock Pol
Where do I get 500% apy?

Lock your minting supplying usdx rewards up for a year and will get 500% apy bonus.

0
14.10.2021
Matt-O

Sorry Daz, I knew this but misspoke. Still morning here, need more coffee.

0
14.10.2021
Cameron | Kava (I will never DM first)-

Haha! We have been discussing about enabling IBC bridge this quarter. We are going to take it as one of our top priorities.

0
14.10.2021
Ariel-R
Cameron | Kava (I will never DM first)
Haha! We have been discussing about enabling IBC b...

Sure thing but, do you know what first steps are we going to see? I mean will we add cosmos tokens within our protocols, are you going to see kava I'm a dex? I'm positive sure we are going to see IBC for launch Cosmo projects within kava, in time

0
14.10.2021
Cameron | Kava (I will never DM first)-
Ariel R
Sure thing but, do you know what first steps are w...

You may have covered a lot what you just mentioned 😉 I really cannot discuss anything related to IBC Bridge at this moment till I get a confirmation from the team.

0
14.10.2021
Cameron | Kava (I will never DM first)-
Ariel R
That's an answer. Thanks, Cam

How do you like the Spanish discussion group so far?

0
14.10.2021
Ariel-R
Cameron | Kava (I will never DM first)
How do you like the Spanish discussion group so fa...

I thought it was useless but the group is nice. More chilled, relaxed, no scammers, only 34 members now and I hope I can do some good.

0
14.10.2021

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