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RE: Introducing Bear Bonds - Collateral backed loans have arrived on HIVE (no keys req)

in #leofinance • 3 years ago

That's a great feature but it is a centralized solution. Good luck with trial phase.

  1. If you get collateral as HBD, will you be saving it into a savings account to earn 12% yield on top of it? who takes the yield? bearbonds or the person who is taking loan.

  2. Why would someone take a loan if he has 2x the amount? unless that is an asset like BTC they don't want to sell or just saving on taxes?

3 years ago in #leofinance by
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     3 years ago  

    Its either a tax game or a cashflow game. sending 2x hbd for 1x hbd doesnt make sense on cashflow, but sending LEO or SPI for collateral may make sense.

    But I am interested, who gets the divs from SPI?

    I could send $200 dollars of SPI for 6 months (8% apr), to get 100 HBD and put them in the savings account to earn 12% 🤔

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       3 years ago  

      ECO gets it :) but he has a good mind for gamification.

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       3 years ago (edited) 

      HBD is not accepted for collateral.

      HIVE
      LEO
      SPI

      Yes it's cefi because not sure how this could be set up and run with no single person in charge/accountable. Also bearbonds would earn the yield hence the reason we can offer loans at 10% and under. There is 1 other loaning service on HIVE but it charges 18% roughly.

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