Hi dear support, is there a good tutorial about lending

Question

Kava Official

TheMagicWhisperer

Hi dear support, is there a good tutorial about lending

on your platform ?
What are the risks of doing it ?
thanks

#blockchain #cryptocurrency #english #kava

0

05.09.2024

8 ответов

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TheMagicWhisperer Автор вопроса

Cameron | Kava (I will never DM first)
You can visit the following: https://help.app.kava...

So what are the risks of lending on your protocol exactly ? For example lending atom on the kava protocol. Thanks

0

1 месяц назад

Cameron | Kava (I will never DM first)

TheMagicWhisperer
So what are the risks of lending on your protocol ...

ATOM is subject to a 50% loan-to-value ratio only if you decide to borrow against it. The main risk is market movement, as it can be highly volatile, which can lead to your collateral being liquidated if you don't manage your borrow position.

0

1 месяц назад

TheMagicWhisperer Автор вопроса

Cameron | Kava (I will never DM first)
ATOM is subject to a 50% loan-to-value ratio only ...

So risk only exists if I decide to borrow, not if I lend, right? And atom on kava is a wrapped token? If there is a problem with ibc I can lose my assets? Thanks

0

1 месяц назад

aldo

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0

1 месяц назад

Cameron | Kava (I will never DM first)

TheMagicWhisperer
So risk only exists if I decide to borrow, not if ...

As previously mentioned, none of the DeFi protocols are safe from potential risks. If you decide to supply ATOM to Kava Lend, it gets hacked, and assets get stolen, which can mean your ATOM can be gone. It can happen to any protocols, but Kava's in-house protocols have been around for a long time and have a good reputation for its security.

0

1 месяц назад

Cameron | Kava (I will never DM first)

TheMagicWhisperer
So risk only exists if I decide to borrow, not if ...

ATOM on the Kava Chain is an IBC asset that is transferred to Kava Cosmos via an IBC relayer from the Cosmos chain. Users have not experienced any issues with the IBC relayers, especially with timeouts, which are usually resolved. As a result, users do not worry about leaving their IBC assets on different Cosmos-SDK chains.

0

1 месяц назад

TheMagicWhisperer Автор вопроса

Cameron | Kava (I will never DM first)
As previously mentioned, none of the DeFi protocol...

Thanks a lot for this great support and quick answer 🙏👍

0

1 месяц назад

Cameron | Kava (I will never DM first) · Accepted Answer

Cameron | Kava (I will never DM first)

You can visit the following: https://help.app.kava.io/. It would be helpful to ask questions more in depth. Risks depend on the type of risks you are willing to expose yourself to, as none of the DeFi protocols are completely safe from potential risks.

0

1 месяц назад

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