I've been wanting to pick up some RUNE for a while now, but I either keep forgetting about it or the price isn't in a place where I feel comfortable picking any up.
I've been wanting to pick up some RUNE for a while now, but I either keep forgetting about it or the price isn't in a place where I feel comfortable picking any up.
The price point is irrelevant.
Once we get to the bottom of this dip... where ever it lands... Rune gonna be completely bottomed out.
If we get back to $5 I'll be loading up quite a bit.
Doesn't matter that I bought most my coins at $1.
Thorchain is going places... and I need to balance my portfolio accordingly.
Can you easily swap into RUNE from ETH?
Yeah in 2 different ways.
You can swap ETH into RUNE directly on Thorswap.
Or you can post the ETH as collateral and take out a RUNE loan.
Although using ETH collateral is filling up quick already 60% full.
Awesome thanks! There is still something about the borrowing money that really scares me, but who knows. How much time do you have to pay the loan back?
You aren't allowed to pay it back for 30 days.
You're never required to pay it back.
They don't want you to pay it back, in fact.
Because they have to mint Rune to pay back the collateral.
They'd just rather keep my ETH or BTC I am sure. I'm just trying to figure out what a typical move would look like. So you don't get your collateral back as the same token? You get it back as RUNE? Maybe I should just go play around with the platform a bit and see if having eyes on it makes more sense!
I didn't explain it very well in this one but I did in my other posts.
You do need to test it out yourself it will make more sense.