ratio is 200 percent, meaning I put have to put down double what I borrow.
Meaning I am giving 2500 worth of Facebook stocks, which will sell and in 2 weeks I will receive a guaranteed 2500 right?
Am I correct so far?
Correct. You have shorted 2500 UST worth of Facebook stock. You provide 5000 aUST collateral (which appreciate 20% per annum). In two weeks you get your 2500 UST back. Don’t forget about 1.5% fee to close the short position.
You will be able to claim the UST which was locked after selling of that shorted Facebook.
Konstantin, would have like 5 minutes to chat to me on Dm please? Just so I get this.
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