I’ve Completed 32 Loans on Liquidium!

in LeoFinance2 months ago

I have been using Liquidium for several months now. So far it has been a pleasant experience, and I will continue using their services.

But, What Is It?

Liquidium is a leading peer-to-peer lending protocol on Bitcoin's blockchain. Users can borrow or lend Bitcoin using various Bitcoin-based assets like Ordinal Inscriptions, Runes, and BRC-20 tokens as collateral. It operates directly on Bitcoin's layer-1.

I currently have successfully completed 32 loans; earning .00823 BTC in interest.

It does not come without any risk, however. I have been liquidated 4 times. This generally happens when the price of the collateral is less than the loan. But I was fortunate enough to be able to sell them all for profit.

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@mcoinz79! @bigtakosensei likes your content! so I just sent 1 BBH to your account on behalf of @bigtakosensei. (1/1)

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Ouch, been liquidated 4 times is quite harsh. My appetite for risk is quite low and while I got burned in the past with DeFi and Lending platforms, I am staying away from them these days and focusing on earning organically, like from the Hive blockchain.

Nice! Didn’t know this was a thing…

!BBH