Topic: - (Read 408 times)
Its 22% Annual interest which is pretty good. I am offering 110% collateral in ETH so I am offering a pretty fair loan.
Under a bank, .2% interest a month would be satisfactory but here, even with 119% valid collateral (not saying ETH but say someone did have it) even .2% a day is too little. People expect too much hence the reason many get ripped so easily falling for high interest rates.
Sure some people can offer lots of money, but usually they're trust farming or do have an actual method. Other times some people such as OP just need a legitimate loan for something and people want to make it about nothing other than maximising profit (like yeha I get it I'm all bout the money too but a loan is a loan, if you really want money start a business.)
0.15*120%=0.18.
I'll fund this for 3 ETH collateral and if the value drops below 110% of the loan, I will give you time to either add more collateral to make it 120% again, or I can sell the ETH and deal's over.
Also, interest would have to be 1 percent weekly.
Let me know.
I'll fund this for 3 ETH collateral and if the value drops below 110% of the loan, I will give you time to either add more collateral to make it 120% again, or I can sell the ETH and deal's over.
Also, interest would have to be 1 percent weekly.
Let me know.
Its 22% Annual interest which is pretty good. I am offering 110% collateral in ETH so I am offering a pretty fair loan.
Under the forum's standard it isn't. Usually loans here are charged about at least 10%/month and with at least 120% collateral.
You don't need to remind me. I deal with these everyday. If it is not bitcoins then it's a altcoin, to be honest. Even ETH had it's moment when it crashed, there's no exception.
I don't think you'll have anyone interested in your offer. Good luck though.
Its 22% Annual interest which is pretty good. I am offering 110% collateral in ETH so I am offering a pretty fair loan.
Under the forum's standard it isn't. Usually loans here are charged about at least 10%/month and with at least 120% collateral.
Jump to: