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RE: The Lie That Is APY - Why I Opt For Bitcoin Interest

in LeoFinance4 years ago

Yes I do lend my BTC out on CEFI platform like blockfi Luno and Celsius and then on DEFI woth HODLHODL

I have not made a big loan before only $500 to test it, I don’t see the need to take a loan yet but if I do I would make sure it’s well within my range for a 50% draw down

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Ah ok. Are you paying attention to the prices before taking loans?

Posted Using LeoFinance Beta

Not really no, because even if you are margin called you still get that collateral back after paying off the loan and the interest rate on these loans are far cheaper than the tax you would otherwise pay by selling your Bitcoin