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If I borrow USDC for 6 months, what payment every

month will I have to make ? Only interest ?

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only interest

Jackie Chain-Chain Автор вопроса
Pervy Sage
only interest

Thanks! Can we pay off the entire loan earlier than the preset amount ?

Jackie Chain Chain
Thanks! Can we pay off the entire loan earlier th...

Yup, just need to pay at least 6 months interest if you close before that amount of time.

Jackie Chain-Chain Автор вопроса
Pervy Sage
Yup, just need to pay at least 6 months interest i...

Ohhh, so even if you close out 1 month from now, we still pay interest for entire 6 months?

Jackie Chain-Chain Автор вопроса
Pervy Sage
correct

Thank you buddy !!

Prefer option to borrow for shorter than 6 months. 1 week or 1 month is good

Jackie Chain-Chain Автор вопроса
Divine Fung
Prefer option to borrow for shorter than 6 months....

Kewl. How long does it usually take to get approved ?

Jackie Chain Chain
Kewl. How long does it usually take to get approv...

My previous applications took me less than 1 day. Usually in few hours. Though I expect them to be instant.

Jackie Chain-Chain Автор вопроса

well... it’s not defi , but a few hours is not bad... 1% apr is better than defi

Jackie Chain Chain
well... it’s not defi , but a few hours is not bad...

Not really considering the LTV is 25%, the main cost is the interest you lose on collateral, not the interest you pay on the loan.

Jackie Chain-Chain Автор вопроса
Kristian
Not really considering the LTV is 25%, the main co...

That’s true actually. If there is incentive like Avalanche rush then much better to do it through AAVE. Thought I’d try this one, to sure as my risk

Yeah, on Aave you continue to earn yield on your collateral which is a huge deal. And the LTV is also higher which allows you to borrow the same amount with much less collateral.

Jackie Chain-Chain Автор вопроса
Kristian
Yeah, on Aave you continue to earn yield on your c...

I need funds for Fantom Opera, and considering bridging fees from Avalanche, Celsius is still pretty good. I don’t have much on opera yet

Jackie Chain-Chain Автор вопроса
Jackie Chain Chain
I need funds for Fantom Opera, and considering bri...

Isn’t bridging from Avalanche C-chain to Fantom Opera basically free? Should be just a couple of dollars at most, right?

Jackie Chain-Chain Автор вопроса
Jackie Chain Chain
I must be dumb. Will look into it now

As long as you don’t go through Ethereum it should be pretty cheap as transactions are almost free on both Avalanche and Fantom.

Jackie Chain-Chain Автор вопроса

Yeah, they just implement the Anyswap backend into their UI I think.

Jackie Chain-Chain Автор вопроса
Jackie Chain Chain
It worked, <$1 tx fee

Yeah. I look forward to the day when we can use Ethereum with fees like that.

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