4 ms·
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
by VHRanger 5y ago
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.
- imsd 5y agoFor greater capital efficiency. I explained it here: https://news.ycombinator.com/item?id=27845492 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.