Turning Income Into Collateralized Crypto Loans - Hodl!

Written by jare | Published 2019/09/08
Tech Story Tags: ethereum | decentralized-finance | defi | finance | decentralization | money | business | latest-tech-stories | web-monetization

TLDR I'm going to borrow $1313 CAD from Newegg.com in exchange for ETH at around 5% loss on the dollar. I'll be exposed to 11-15.5% APR from borrowing stablecoins, but since I'm long ETH I believe it will grow more than that in a given year - year over year - allowing me to borrow more, should I wish. Given that I can borrow up to 75% of my hodlings at a given point in time, I can now accumulate crypto wealth.via the TL;DR App

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Written by jare | https://linktr.ee/STACCart
Published by HackerNoon on 2019/09/08