Say for instance If I wanted to get more coins

Question

Say for instance If I wanted to get more coins

of a different project and I used my Venus borrow to do so. To pay back the loan I should only invest in a project that offer staking so I can pay the initial borrow back??

#blockchain #cryptocurrency #english #venus

0

27.03.2024

2 ответов

7 просмотров

Von Swann Автор вопроса

Deborah | 🇳🇬 Never DM First 🇳🇬
It's your asset, you can choose to do whatever you...

It kinda answered it. I just wanna make sure where I put it at that the staking allows me to cover the borrowed amount when it's time to pay it back.

0

1 месяц назад

Deborah | 🇳🇬 Never DM First 🇳🇬 · Accepted Answer

It's your asset, you can choose to do whatever you like with your loan...You don't necessarily need to invest on only project that offer staking features...😉 If you want to borrow from Venus and stake the borrowed asset on another platform, it is up to you to decide that. However, note that before you can borrow an asset on Venus, you'll have to provide a collateral. And to claim back your collateral, you'll have to pay back the same asset you borrowed from Venus. I hope that answered your question 😉

210 похожих чатов

Say for instance If I wanted to get more coins

2 ответов

Похожие вопросы