Is there an option to borrow on Celsius for less

That’s not bad. 1% APY + interest not earned via BTC would be around 4.25% APY loan on BTC. If collateral returned after 2 months (instead of 6), then would be 6.25% for the 2 months ... still okay I guess

0

27.11.2021

Francis

Jackie Chain Chain
That’s not bad. 1% APY + interest not earned via B...

Yea gotta factor in opportunity cost. If you were gonna use that loan for leverage and expect the returns to be greater than the forgone interest of the collateral, it could be worth it

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27.11.2021

Jackie Chain Chain Автор вопроса

Francis
Yea gotta factor in opportunity cost. If you were ...

But then why not just use AAVE and the likes ? Especially if there are incentives on some L1’s.. I feel like Celsius must be catering to those who prefer cefi over defi

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27.11.2021

Francis

Jackie Chain Chain
But then why not just use AAVE and the likes ? Es...

The next 100M normies aren’t just gonna jump into full blown DeFi in one go. They’ll need UX friendly bridges to help them first

0

27.11.2021

Jackie Chain Chain Автор вопроса

Francis
The next 100M normies aren’t just gonna jump into ...

True. Celsius will likely thrive as long as they stay out of legal troubles 🙄

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27.11.2021