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SuppahDuppah-

When will you get liquidation for the 0% loan ?

And is there a specific time-frame in which the loan has to be paid back?

#cryptocurrency #english #nexo
0

3 ответов

11 просмотров
Kristian-

Liquidation starts at 83.33% LTV (when your collateral is only worth 20% more than the loan). There is no time-frame in which you have to repay the loan, you can keep it open indefinitely as long as you aren’t liquidated.

0
29.12.2021
SuppahDuppah- Автор вопроса
Kristian
Liquidation starts at 83.33% LTV (when your collat...

So for example; I put up 1000$ as collateral and the worth of my collateral goes down 300$, I will get liquidation for the amount I've lend ?

0
29.12.2021
Kristian-
SuppahDuppah
So for example; I put up 1000$ as collateral and t...

Well, that also depends on the value of your loan, I can’t say if you would be liquidated based on your collateral value alone.

0
29.12.2021

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