3 ms·
there are fees: https://drive.google.com/file/d/1wuBTTfic0n0Ne8iEdJ9e93DOK1qkBcWd/view https://drive.google.com/file/d/1wuBTTfic0n0Ne8iEdJ9e93DOK1q... But yes
by andrewfromx 6y ago
there are fees:
https://drive.google.com/file/d/1wuBTTfic0n0Ne8iEdJ9e93DOK1qkBcWd/view https://drive.google.com/file/d/1wuBTTfic0n0Ne8iEdJ9e93DOK1q...
But yes, as long as you stay above your ratio, you are helping the DIA network maintain it's true stable 1 DIA = 1 US Dollar ratio backed by real collateral. Far as I know, no time limit.
https://vimeo.com/427849477 https://vimeo.com/427849477
- gus_massa 6y agoIIUC the "Stability fee" is the annual interest ratio: 3.5% or 5.5% or 9.0% depending on your collateral level. (And the 13% "Liquidation fee" is a penalty in case your collateral drops too much.)
- andrewfromx 6y agoso cool, you don't talk to a loan officer, you don't have to get anything approved. All just smart contracts that automatically go and get enforced. All we need to do next is move this from ETH to ADA! https://investorplace.com/2021/04/smart-contracts-could-elevate-cardano-to-a-top-tier-cryptocurrency/ https://investorplace.com/2021/04/smart-contracts-could-elev...