Guys if I have to pay 12% interest on my

Question

Guys if I have to pay 12% interest on my

borrowings against wbtc or weth for the year, it means if I want to pay it back 1 month later it will be just ~1% ‘extra’ that I gotta pay + what I did borrow?

#aave #blockchain #cryptocurrency #english

0

10.01.2022

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Kökényesi Автор вопроса

Fauve - thectrlaltf
Exactly. It’s the amount your borrowed + interests

Yea but if the interest is 12% / yr And I give it back in 1 month do I pay only that 1 month % right, not the whole year 12% interest right? So its not like if I did borrow I have to pay the 12 month interest which would be 12% in 1 month cuz I want to pay it back a lot faster ? If interest is 12% / yr After 1 month I wanna pay it back that becomes only 1% interest + the borrowed ammount?

0

10.01.2022

Admin

Kökényesi
Yea but if the interest is 12% / yr And I give it...

Message me

0

10.01.2022

Fauve - thectrlaltf

Kökényesi
Yea but if the interest is 12% / yr And I give it...

Exactly for the time period you’ve had it calculate for the period

0

10.01.2022