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A comment on I am often asked if I will “return to cryptocurrency”. Parent comment

Re:I am often asked if I will “return to cryptocurrency” by VHRanger on Thursday July 15, 2021 @11:09AM (#27845653)
Why didn't you just pay off the loan if you had more than enough collateral already to get a >100% collateralized loan?

What happened is that you used DeFi to leverage your financial position, not pay off debts.

Don't lie to people.

[ Parent | on HN ]
Re:I am often asked if I will “return to cryptocurrency” by imsd on Thursday July 15, 2021 @11:12AM (#27845683)
For greater capital efficiency. I explained it here:

https://news.ycombinator.com/item?id=27845492

And I'm not increasing my overall debt position on my personal balance sheet. Rather, I shifted the debt from student loans at ~5.5% to a DeFi protocol where the borrow rate is effectively negative.

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