Hey! Concretely, what happens if I borrow almost as much

Question

Hey! Concretely, what happens if I borrow almost as much

as possible at 0 interest rate and that for example the assets continue to fall and I don't have enough collateral to borrow at 0 interest rate?

My cryptos won't be liquidated, right? My rate will simply go from 0% to 6.9%?

#cryptocurrency #english #nexo

0

12.04.2022

16 ответов

15 просмотров

NYFT 💸 💎 Автор вопроса

Jesur | Nexo | No Support via DM
Correct, the loan's APR will go up to 6.9% and dai...

Ok thanks 👍🏻

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12.04.2022

Jesur | Nexo | No Support via DM

NYFT 💸 💎
Ok thanks 👍🏻

Cheers!

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12.04.2022

NYFT 💸 💎 Автор вопроса

Jesur | Nexo | No Support via DM
Cheers!

And is there any way to know our liquidation balance of assets based on the amount we decide to borrow?

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12.04.2022

Jesur | Nexo | No Support via DM

I didn't quite catch that, apologies. How much will the liquidations be depending on your loan?

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12.04.2022

NYFT 💸 💎 Автор вопроса

Jesur | Nexo | No Support via DM
I didn't quite catch that, apologies. How much wil...

The minimum balance to hold in order not to be liquidated if I borrow 20'000$ on 100'00$ available for example.

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12.04.2022

Jesur | Nexo | No Support via DM

NYFT 💸 💎
The minimum balance to hold in order not to be liq...

Honestly depends entirely on your LTV and the market, let me link you an article so you can read about it in detail.

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12.04.2022

Jesur | Nexo | No Support via DM

NYFT 💸 💎
The minimum balance to hold in order not to be liq...

https://support.nexo.io/hc/en-us/articles/360011375120-Loan-to-Value-LTV-Explained here you go.

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12.04.2022

Jesur | Nexo | No Support via DM

NYFT 💸 💎
The minimum balance to hold in order not to be liq...

Everything you need to know about your question and more should be on this article, hopefully it helps.

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12.04.2022

NYFT 💸 💎 Автор вопроса

Jesur | Nexo | No Support via DM
Honestly depends entirely on your LTV and the mark...

Yes, I know that the balance depends on the market, but there is a ratio between $1 borrowed > how much I must hold at least to remain "solvent" according to NEXO's policy. And this ratio does not depend on the market

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12.04.2022

NYFT 💸 💎 Автор вопроса

Jesur | Nexo | No Support via DM
https://support.nexo.io/hc/en-us/articles/36001137...

Thanks I will look at that

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12.04.2022

Ggrace2

NYFT 💸 💎
And is there any way to know our liquidation balan...

It's on your dashboard home page...stow down to the end you will see it

0

12.04.2022