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Mirror Protocol Mirror Protocol
K-J

Hi. Quick question. If I borrow for example mKO, I

give a certain amount of aUST as collateral. Then later on I close the loan, so I give back the same amount of mKO ? And do I receive the same amount of aUST back ? Or can it be a different amount of aUST I get back ? Thanks.

#cryptocurrency #english #mirror.protocol
0

10 ответов

52 просмотра
Mayank-Grover (Will never DM first or ask for funds)

Your collateral minus the closing fees

0
23.02.2022
Mayank-Grover (Will never DM first or ask for funds)

1.5% on mAsset value at the time of closing position

0
23.02.2022
K-J Автор вопроса
Mayank Grover (Will never DM first or ask for funds)
What?

You said 1.5% of the value of the mAsset. I was asking, is the mAsset type asset I use as collateral, or the asset that I borrowed and gave back ?

0
23.02.2022
K-J Автор вопроса
Mayank Grover (Will never DM first or ask for funds)
aUST is not the mAsset which you gonna use as coll...

So in my example, where is the 1.5% taken from ?

0
23.02.2022
Mayank-Grover (Will never DM first or ask for funds)
K J
So in my example, where is the 1.5% taken from ?

It will be deducted from aUST (collateral used) but 1.5% is calculated on the value of the borrowed mAsset at the time of closing position

0
23.02.2022
K-J Автор вопроса
Mayank Grover (Will never DM first or ask for funds)
It will be deducted from aUST (collateral used) bu...

Ah. Got it !! 😊👍🏼👍🏼👍🏼

0
23.02.2022

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