month will I have to make ? Only interest ?
only interest
Thanks! Can we pay off the entire loan earlier than the preset amount ?
Yup, just need to pay at least 6 months interest if you close before that amount of time.
Ohhh, so even if you close out 1 month from now, we still pay interest for entire 6 months?
Thank you buddy !!
no problem!
Prefer option to borrow for shorter than 6 months. 1 week or 1 month is good
Kewl. How long does it usually take to get approved ?
My previous applications took me less than 1 day. Usually in few hours. Though I expect them to be instant.
well... it’s not defi , but a few hours is not bad... 1% apr is better than defi
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.
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.
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
gotta love those L1 incentives
Isn’t bridging from Avalanche C-chain to Fantom Opera basically free? Should be just a couple of dollars at most, right?
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.
So far I found Elk... never used them
Yeah, they just implement the Anyswap backend into their UI I think.
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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