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RE: I Borrowed Money From Anchor To Fund My Weekend

in LeoFinance3 years ago

That is if I do make enough crypto to cover the cost of my mortgage I won't be selling my assets I will be heading over to Anchor and borrowing the money from Anchor as it is heck of a lot cheaper and I get to retain my assets and my repayments are lower than a mainstream bank.

This is the way :)

Just keep stacking and building your base in the meantime.

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I was also going to add that there is every chance that my bLuna continues to grow while in Anchor so my 2.3% interest rate would be negated and the whole thing could potentially pay itself off.

In what other financial system can a loan pay itself AND make you cash.

People say "there is no value in crypto". But there is no value in banks either. They make cash by selling loans. That's effectively what Anchor and Terra is doing. Just a heck of a lot less risk.