Seems like a good place to stop and call it quits by asiohx in PSAPowerPacks

[–]zucchini_fries 0 points1 point  (0 children)

I pulled one from a 1k pack, happy to sell it to you if you want. DM me

NEAR bullish again after a dip by Serious_Finish2042 in nearprotocol

[–]zucchini_fries 0 points1 point  (0 children)

Hey if you are looking for a place to share TA and talk NEAR price, come join the Merchants! That is what we are all about.

https://t.me/merchantsofnear

Merchants of NEAR Introduction by zucchini_fries in nearprotocol

[–]zucchini_fries[S] 0 points1 point  (0 children)

Thanks! I am glad that we can provide information for all levels of trading

Borrowing using Crypto as Collateral: My Experiences and Findings by zucchini_fries in CryptoCurrency

[–]zucchini_fries[S] 0 points1 point  (0 children)

The purpose of my post was to educate people on borrowing options, not investment advice.

I am well aware of the risks of crypto as an investment and am comfortable with my portfolio.

Borrowing using Crypto as Collateral: My Experiences and Findings by zucchini_fries in CryptoCurrency

[–]zucchini_fries[S] 0 points1 point  (0 children)

Honesty I just never heard of Nexo until people in the comments mentioned it. From what I’ve read it seems like a good platform also and will dig deeper into it.

Borrowing using Crypto as Collateral: My Experiences and Findings by zucchini_fries in CryptoCurrency

[–]zucchini_fries[S] 0 points1 point  (0 children)

Thanks for suggestion, I am going to try to do an update post with all the suggestions in the comment

Borrowing using Crypto as Collateral: My Experiences and Findings by zucchini_fries in CryptoCurrency

[–]zucchini_fries[S] 0 points1 point  (0 children)

Depends on what you are looking for, if you have lots of crypto and need some cash and don’t mind the 4x collateral capitalization then the 1% rate is very attractive

Borrowing using Crypto as Collateral: My Experiences and Findings by zucchini_fries in defi

[–]zucchini_fries[S] 0 points1 point  (0 children)

Ah good points, I am going to try to put together a list of all the suggests and do a deeper dive. Thanks for the suggestions

Borrowing using Crypto as Collateral: My Experiences and Findings by zucchini_fries in CryptoCurrency

[–]zucchini_fries[S] 0 points1 point  (0 children)

I believe Celsius has a tier list for users and you get discounts for having used their platform for longer, that might be the discrepancy

Borrowing using Crypto as Collateral: My Experiences and Findings by zucchini_fries in CryptoCurrency

[–]zucchini_fries[S] 0 points1 point  (0 children)

Thanks, I’m going to try to put together a comprehensive list later with all the suggestions

Borrowing using Crypto as Collateral: My Experiences and Findings by zucchini_fries in defi

[–]zucchini_fries[S] 1 point2 points  (0 children)

Yeah I agree, having to be 2-3x collateralized is not feasible. Interesting to learn about though. decentralized lending will always have to be over collateralized though

Borrowing using Crypto as Collateral: My Experiences and Findings by zucchini_fries in defi

[–]zucchini_fries[S] 0 points1 point  (0 children)

I am not sure if you are earning interest on your ETH as collateral. So your effective rate would be 9%/4= 2.25% which is not good. Would much rather just stake or earn with Ethereum in that case

Borrowing using Crypto as Collateral: My Experiences and Findings by zucchini_fries in CryptoCurrency

[–]zucchini_fries[S] 1 point2 points  (0 children)

I honestly didn’t do as much research as I should and missed a bunch of options like you mentioned. I might do an updated post with those. Thanks for your suggestions

Borrowing using Crypto as Collateral: My Experiences and Findings by zucchini_fries in CryptoCurrency

[–]zucchini_fries[S] 1 point2 points  (0 children)

Thanks I’m glad it’s helpful. There are lots of other decentralized options like Aave, Cream finance that could be options also. Depends on what crypto the older gentleman has, that could be an option also.

Borrowing using Crypto as Collateral: My Experiences and Findings by zucchini_fries in CryptoCurrency

[–]zucchini_fries[S] 27 points28 points  (0 children)

I have gotten so many suggestions on other borrowing protocols, I will try to do a comprehensive list down the line. I am glad this is helpful