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49 sats \ 11 replies \ @grayruby 2 Jan \ on: New Biblical Loan now available on Lendasat. Christianity

I am going to try this out. I will borrow from you Blok but I am interested in becoming a lender as well.

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40 sats \ 10 replies \ @BlokchainB OP 2 Jan

Yeah if you want me to show you my flow let me know. I try to keep everything as close to bitcoin as I possibly can.

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69 sats \ 9 replies \ @grayruby 2 Jan

I signed up as both lender and borrower. I am going to accept your loan. Figuring it out.

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59 sats \ 8 replies \ @grayruby 2 Jan

Done. I don't know where to send collateral though.

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64 sats \ 7 replies \ @grayruby 2 Jan

I guess I should have sent you more collateral than was required in case the price dips. What happens if my LTV doesn't meet the threshold?

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20 sats \ 6 replies \ @BlokchainB OP 2 Jan

Good question. I know if it goes over I think 90% LTV you get liquidated if you over collaterallize and the LTV goes down you have more of a buffer.

I tried to make the entry be less expensive so I did 80% LTVs then bitcoin had a dip and two people got liquidated I felt terrible. So now I do 50% LTVs to make it somewhat cheap but protects against liquidations

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67 sats \ 3 replies \ @Coinsreporter 2 Jan

Great. And no interest, right?

How much can I borrow?

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21 sats \ 2 replies \ @BlokchainB OP 2 Jan

How much you need? I only deal in liquid USDT

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117 sats \ 1 reply \ @Coinsreporter 3 Jan

Not much, maybe 100-200 now and then.

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74 sats \ 1 reply \ @grayruby 2 Jan

Gotcha

Do I pay the interest in sats or Tether because the only tether I have is the 25 bucks you sent me. Haha

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20 sats \ 0 replies \ @BlokchainB OP 2 Jan

When you pay me back the interest is due.

Then I will send it back to you.

All in USDT

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