loan for other crypto? Just liability/regulations? Seems like it would be a useful feature.
swap your loan? you mean the collateral for your loan? that's celsius property until u finish / repay the loan
No, I mean the loan itself. Which is my property.
Do you have swaps available?
How do you know that there's no loan/swap abilities? I haven't heard specifics on that.
“Users who have taken out a fiat or stablecoin loan can NOT use the Swap product using their loan proceeds. Before using the Swap feature, you must certify that you will NOT use the Swap feature using loan proceeds.”
The loan is not your property. It's just given to you because u have given Celsius your asset. If btc crash 75%, even you loan may not be able to cover the fallen value.
I see, I was not aware of that. Don't know why it would be as such.
The loan is my property. If Celsius fails to liquidate that is their problem.
Your property is your asset given to Celsius
Which is why they really should work on automatic liquidation.
Alex said in Las Vegas, it’s so people don’t leverage and get wrecked. SEC would have deemed that as a BAD ACTOR move and dangerous for the investor.
Agreed. Cause using loan amount to swap in-app is inviting regulators to come attack Celsius with reasons.
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