Looking to borrow 1-20 BTC. Stable coin as collateral - page 2.

PrimeNumber7

copper member

Activity: 1666

Merit: 1901

Amazon Prime Member #7

Quote from: leen93 on April 15, 2019, 09:19:00 PM

interest : 2% a year

You can try to borrow on whatever terms are acceptable to you, but I think the interest you are offering is too low. If someone was willing to lend at 2%/year, they might go to Bankrate CD rates, and see FDIC insured banks offering 2.80% APY for a one year CD, and the lender would have virtually zero counter-party risk. It is up to individual traders to price their own risk, but I would price in something more than a 2% discount for having to account for the risk of whoever I am dealing with running away with my money.

leen93

sr. member

Activity: 616

Merit: 250

Quote from: Avirunes on April 15, 2019, 09:21:21 PM

Quote from: leen93 on April 15, 2019, 09:19:00 PM

I am looking to borrow 1-20 BTC. Collateral will be kept above 110% at all times.

amount : 1 - 20 BTC
duration : can be discussed, but at least 6 months
interest : 2% a year

And who will keep the collateral? You?? I suggest adding a statement that you are comfortable with escrow if you are serious about this otherwise it will also end up like a dead thread.

thought that was pretty obvious, but mentioned it just in case. Thanks

Avirunes

legendary

Activity: 3094

Merit: 1472

Quote from: leen93 on April 15, 2019, 09:19:00 PM

I am looking to borrow 1-20 BTC. Collateral will be kept above 110% at all times.

amount : 1 - 20 BTC
duration : can be discussed, but at least 6 months
interest : 2% a year

And who will keep the collateral? You?? I suggest adding a statement that you are comfortable with escrow if you are serious about this otherwise it will also end up like a dead thread.

leen93

sr. member

Activity: 616

Merit: 250

I am looking to borrow 1-20 BTC. Collateral will be kept above 110% at all times.

Comfortable with escrow

amount : 1 - 20 BTC
duration : can be discussed, but at least 6 months
interest : 2% a year

Topic: Looking to borrow 1-20 BTC. Stable coin as collateral - page 2. (Read 749 times)