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CryptoOwl1-

@NotDenisRublev yesterday we talked briefly about supplying and borrowing BTCB

to leveraged positions. After sleeping on it, it doesn't make sense as your loan needs to be paid back in BTCB 😅 What am I missing here?

#blockchain #cryptocurrency #english #kava
0

2 ответов

22 просмотра
CryptoOwl1- Автор вопроса

Sure, I get the rewards part, but how do you realize your gains from appreciation of borrowed BTC? 😂

0
25.10.2021
Denis-Rublev
CryptoOwl1
Sure, I get the rewards part, but how do you reali...

You supply 1 btc, borrow 0.4 btc and supply it back. You now have 1.4 btc supplied and 0.4 btc borrowed. In 12 months you need to repay 0.4 btc + 0.7% of this amount. While you received 5% rewards in hard on 1.4 btc and 37% rewards in hard on 0.4 btc

0
25.10.2021

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