That makes sense. I still can't quite figure out what I would use the funds for. I mean say I had $2000 BTC I wanted to put in. That gives me $1000 in loan money? I don't know what I would do with it.
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That makes sense. I still can't quite figure out what I would use the funds for. I mean say I had $2000 BTC I wanted to put in. That gives me $1000 in loan money? I don't know what I would do with it.
You'd either be leveraging it to go long on 0% APR or transferring the money to your bank account.
That's almost not worth it to move it to my bank account :) Guess I need to take a crash course in what leveraging and going long means.
If it's not worth it then you'd just do a higher amount.
Leveraging long just means selling the $1000 into another asset you're bullish on.
In fact that asset could just be Bitcoin itself.
You can stake Bitcoin and borrow Bitcoin in the same operation.
In fact you can borrow direct any asset that Thorchain has to offer.
Oh, okay. I'll have to look into it. That makes a lot more sense now.