Replying to Avatar Jeroen ✅

Does anyone have experience with borrowing against your corn?

What are the do's and don'ts?
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Kamo Weasel 1y ago

Do's:

- Leave a lot of extra margin to make the loan, #Bitcoin is volatile <50%

- It is smart to add more collateral if the loan is close to its margin.

- Remember that asking for a loan is not trading.

- Make contracts with experienced users.

- Take the reference rate of the 30-year United States Treasury bond and compare it with several exchanges to know what is the most appropriate interest value to take out a loan.

- Use a minimum of 6 months for your loan, you can always cancel before or in small installments if you wish.

- Personally I still don't like DEFI platforms but there are some alternatives in Liquid like Fuji.Money

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Jeroen ✅ 1y ago

These are some good points thanks!

Do you see any risks with doing an p2p multisig escrow deal?

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Kamo Weasel 1y ago

I wouldn't know how to advise you so much programming friend. I think a risk would be the website infrastructure going down. Since always in nostr:npub1yul83qxn35u607er3m7039t6rddj06qezfagfqlfw4qk5z5slrfqu8ncdu there is always manual control when it comes to troubleshooting.