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Nick LamaDiBali-Vasselin

Just so I am 100% clear, as a platinum, I

can borrow stablecoins, use my Nexo as collateral, pay zero interest, earn 12% on the stablecoin, and ALSO earn 7% on my Nexo. Is this correct? Then do I still need to pay back the loan in Nexo tokens, or can I just re deposit the stablecoin, once I decide to repay the loan? Or what am I missing? thanks

#cryptocurrency #english #nexo
0

3 ответов

17 просмотров
RT618-

Nexo may not be used to pay back loans, unless there is a recent change with that policy

0
02.12.2021
Kristian-

Correct, and you can repay the loan using the same stablecoins you borrowed. But of course you could also just lock those NEXO tokens in a fixed term to earn even more than you would with this method. It is nice compared to just a simple flexible term though.

0
02.12.2021
Nick LamaDiBali-Vasselin Автор вопроса
Kristian
Correct, and you can repay the loan using the same...

50% are locked for 12 months. The rest are free to roam

0
02.12.2021

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