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Mirror Protocol Mirror Protocol
shin-dongyoon

Hello i have a question if i borrow mspy at mirror

protocol
then i have to provide collateral.
for example
i provide $200aust(collateral)
and set 200%mortgage rate(min 110%)
then i can borrow $100MSPY.
in this case, whatever MSPY price is increase or decrease i just manage my mortgage rate then i don't have any risk for lose my principal(aust)?

#cryptocurrency #english #mirror.protocol
0

6 ответов

41 просмотр
Mayank-Grover (Will never DM first or ask for funds)

Yes, you have to maintain your collateral ratio to be safe

0
24.03.2022
shin-dongyoon Автор вопроса
Mayank Grover (Will never DM first or ask for funds)
Yes, you have to maintain your collateral ratio to...

for example i borrow 1 mspy, after 1month later msy price increase but no more then liquidation rate then i just repay 1spy?

0
24.03.2022
Mayank-Grover (Will never DM first or ask for funds)
shin dongyoon
for example i borrow 1 mspy, after 1month later ms...

Yes you can either repay 1 mSPY to close your position or provide more aUST collateral to maintain your collateral ratio.

0
24.03.2022
shin-dongyoon Автор вопроса
Mayank Grover (Will never DM first or ask for funds)
Yes you can either repay 1 mSPY to close your posi...

thanks!! i am a defi beginner. so i have a lot of question and concern... so your answer was very help to me

0
24.03.2022

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