Let’s say I need €3000 euros, do I just, apply and get them?
Sorry about your situation #pleb.
NFA, i would try
https://sovryn.app/borrow/line-of-credit
I don't recommend #Sovryn, they have a serious problem with pivoting from explore (different options) to exploit (the one that works) and they have developing country syndrome (i made that up => when poor people get rich they get greedy and stupid): they shutdown Zero when it was working then started it again and now the fees ( ! ), to send ~$50 fee and you can only get a loan in #ZUSD to then buy BTC (if you like) once (!) but after that there is no way to BTC => ZUSD on their site and when you try they take the fee and give #DLLR (Sovryn Dollars) instead. Pretty scammy.
But an option for you so you don't have to sell your precious #Bitcoin (been there 🤕).
NFA, i would keep the loan ratio at 500% (so an 80% drop in btc exchange doesn't wipe you out) if possible but that is **a lot of capital** for a protocol i wouldn't recommend and won't let us exit clean.
Discussion
# #Sovryn #Zero - #HODL MORE With Your #Bitcoin as Collateral!
https://www.youtube.com/watch?v=iOrZ2tglOPA
My good #pleb, if you have #Bitcoin you borrow from yourself! No time limit and you don't have to pay it back if you keep loan ratio at minimum 110% ( but best **atleast** 200%) ( with above caveats ).
And if #BTC goes up, because you borrow in #USD (collateral in BTC) the loan ratio will go up (which is good -- above 500% i'd cream off if #Sovryn would let me😡, see whine above about #DLLR).