Good question! Nope, they are over-collateralized loans (very similar to other ecosystems like MakerDAO) where a % of your total holdings can be taken as a loan and you must keep the ratio under a certain level
Posted Using LeoFinance Beta
Good question! Nope, they are over-collateralized loans (very similar to other ecosystems like MakerDAO) where a % of your total holdings can be taken as a loan and you must keep the ratio under a certain level
Posted Using LeoFinance Beta