Also, if that's the case, what's the point of borrowing

Question

Kava Official

CryptoOwl1

Also, if that's the case, what's the point of borrowing

assets on Lend if you will get liquidated when borrowed asset appreciates?

#blockchain #cryptocurrency #english #kava

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20.10.2021

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Neca Careca

CryptoDaz (Darren)
You would need to either repay some of the borrowe...

you ser, are wonderfully patient and good at explaining. learning lots here 🙌

0

20.10.2021

CryptoDaz (Darren) · Accepted Answer

You would need to either repay some of the borrowed assets or add extra supplies. If you wish to benefiot from the rising price of an asset, I would advise borrowing either USDX or BUSD which you then swap for the asset you believe will rise in price. You can also short an asset by borrowing it and selling, then later buiying back cheaper - This can back fire if the price goes in the opposite direction to what you expect although the Hard borrow rewards from borrowing on Kava Lend can offset any of these potential losses

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Also, if that's the case, what's the point of borrowing

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