If i borrow on kavalend (currently lending akt and atom)

Question

Kava Official

Unity70

If i borrow on kavalend (currently lending akt and atom)

what can i do with the borrowed amount?

#blockchain #cryptocurrency #english #kava

0

12.04.2022

2 ответов

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CryptoDaz (Darren)

You can't borrow AKT but you can ATOM, so if you have supplied say 100 ATOM you can safely borrow 48 ATOM and resupply it, then borrow another 24 Atom and resupply it and repeat until you have almost doubled your ATOM supply. If you don't borrow any other assets then this is safe, just leave enough room for any borrow fees. If you then also borrow say BTC or Kava this then introduces risk as the differing assets can vary in price and result in the borrow amount exceed the maximum allowed

0

12.04.2022

CryptoDaz (Darren) · Accepted Answer

CryptoDaz (Darren)

One option is to supply to KavaSwap liquidity pools Another option is simply resupply the borrowed assets back into Kava Lend If you think the value of a borrowed asset will fall you can short it by selling it now and once it falls in value you can rebuy it at the lower price and repay your debt

0

12.04.2022

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If i borrow on kavalend (currently lending akt and atom)

2 ответов

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