Re:Ethereum Isn't Fun Anymore
by rawtxapp on Monday February 22, 2021 @12:15PM
(#26227085)
So if Bitcoin grows 300%, that means your collateral is now worth 300% more.
You can either withdraw a portion of it back to your normal wallet or you can just borrow more against the same collateral. So it's like a credit line that's always appreciating in value.
If one day, you need the whole collateral for whatever reason, then you'd pay the loan to unlock it fully and withdraw it.
You can either withdraw a portion of it back to your normal wallet or you can just borrow more against the same collateral. So it's like a credit line that's always appreciating in value.
If one day, you need the whole collateral for whatever reason, then you'd pay the loan to unlock it fully and withdraw it.