and the terra foundation decides to finally compensate a part of the losses due to de-peg, will i be eligible?
Depends on the terms which are not existent
Hello, I am a Platinium level. so I have a possibility to borrow at 6.9% APR and 0% APR. Does it mean that borrowing at 0% APR I don’t have to pay interest at all? thanks
If I’m interested to give the loan I took back, do I have to use the Repay button? that’s correct?
so I’m trying to Repay and I am charged with interest… why? thanks
could you please give me their email? thanks
https://support.nexo.io/hc/en-us/requests/new
so you want to take advantage..to take some money now selling and also to be refunded..this is sh*t from you The problem is if there will be some sort or refund/fork/compensation, I am afraid that nexo users will not be in the list, especially that UST on nexo is a limited aseet and I dont know if it is integrated on the terra chain. So far Nexo didnt come with a clear message, even though ppl keep asking this. any news @ZipZoa ?
Please check our Twitter page, we mentioned that we cannot take a side in this. And Nexo cannot be held responsible for the things that are happening to other tokens.
yeah snapshot only to be whitelist..to give you the chance to exchange ust to usdc, but the problem with nexo is way more difficulut. it seems that all our ust holdings are not on the chain, hence no visibility to snapshot. so it is possible that all nexo ust holders will get rekt, if nexo will not come with something. Since it is a limited asset on nexo, we cannot withdraw it to make it visible to the chain and even though this would have been possible, we wont be on the snapshot..In fact, ust on nexo i think is just a replica of ust.
Can you explain why there not exist on the chain? Nexo must have those ust tokens somewhere and would only need to distribute any compensation, or? Sorry if the question sounds stupid. Also if i have ust on a cex like okex, would that also be the case?
side on this? what are you referring to? to the collapse of terra ecosystem or to be part of a supposed recovery plan? ofc i dont blame nexo of this and i am not asking nexo to cover some of my losses. I am just asking if LFG will come with some recovery, nexo will take part on behalf of us? or it is not possible because our ust are just replica and even nexo wants to be part, it is technically impossible. I am just asking to know
@Chaarrlie @dtpman83 you both hit the nail on the head here. Exactly... Our ust. Our token. Where is it? Is ust on nexo actual ust or just a naming replica? , where is its wallet. we want it on the chain for air drops or for us who has insurance, they want the de-pegged ust to pay out. And want the wallet address B) where is nexos insurance in all this?
I dont know how to explain. read a bit about limited assets on FAQ nexo. and i am supposing it because you dont have any terra wallet associated to your account. on other exchanges you have it
Probably not it was never on chain, since we could never withdraw it to our own wallets
Thanks for the explanation 😄
It wasn’t mentioned anywhere that we would be buying ‘replica’ $UST. As a customer I have the right to withdraw my $UST, but they deactivated that functionality. I would like to know what my wallet address is, so I can also check if my swap is registered on chain. If not, and all Nexo users holding UST would not be able to take part of the compensation, there are 2 possibilities if you ask me: 1. Nexo has 1 single wallet address on which they did all UST purchases. In this case Nexo would get compensated, which should be passed on to the UST holders on Nexo. 2. UST on Nexo isn’t UST, but a replica (that would be a nice news item for sure): Nexo needs to come with their own solution to compensate their ‘replica UST holders’. Whether it be in Nexo coins for USDC / USDT
Withdrawals/deposits were never enabled for UST on Nexo. The UST also isn’t going to be separated by user, as this is not common for the CeFi industry. If you want you can sell the UST.
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