Let me se if I'm understanding this, i used to

Question

Let me se if I'm understanding this, i used to

have minted x amount of usdx with kava and xrpb as collateral and then supplied those usdx to in Lend for the ca 72% apy, but with today's changes I can either: 1.- use those supplied usdx as collateral to borrow more usdx and resupply them and repeat or 2.- repay the usdx I minted to free my kava and xrpb, and use those released kava and xrpb as collateral in Lend to borrow the same amount of usdx I had minted, and supply those borrowed usdx and repeat? and on top of that I have the rewards for supplying xrpb and kava? Is this correct?

#blockchain #cryptocurrency #english #kava

0

21.10.2021

4 ответов

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CryptoDaz (Darren)

This post I made earlier might be worth a read for some ideas https://t.me/kavalabs/263759

0

21.10.2021

CoinSoup (Will not DM)

CryptoDaz (Darren)
This post I made earlier might be worth a read for...

This helps

0

21.10.2021

CryptoNerd

CryptoDaz (Darren)
#1 is correct. #2 the minimum collateral ratio on...

Just noticed you can borrow usdx now. J7st wanted to check to see what risks are involved? You pay a borrow fee of 0.03%?

0

21.10.2021

CryptoDaz (Darren) · Accepted Answer

CryptoDaz (Darren)

#1 is correct. #2 the minimum collateral ratio on kava lend is higher on kava lend for Kava and XRP, as it needs to be at least 200% (50% LTV), while on Kava Mint it's just 150% (66.7% LTV) so you can't borrow as much USDX. You also need to factor in that USDX is not a fixed price of $1 on kava lend which adds a little more uncertainty to liquidation prices compared to have mint

0

21.10.2021

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Let me se if I'm understanding this, i used to

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