Live offer to earn 16% APR on your Bitcoin👇

11:21 AM · Jul 7, 2021

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Replying to @hodlhodl
how does that exactly work, person gives 200% USDC/USDT and he gets 100% BTC , at which point is he liquidated if not payd (aka risk)
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In this case you're lending Liquid BTC with 80% LTV ratio. The liqudation risk in this case is pretty low as L-BTC is pegged 1:1 to BTC (BTC is used as a collateral). So borrower needs to lock 1 BTC in collateral to receive 0.8 L-BTC loan.
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Replying to @hodlhodl
Wonder why 16%, others at 2%ish & even reducing rates in this fear of bear trend
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I haven't read all the terms but it looks like there is a 3 month locking period. That would justify the 16%
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Replying to @hodlhodl
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