Has anyone here used or looked into crypto backed loans? Goybase is offering me $155k without selling any of my crypto. Fixed rate
>>62741062what will you do with the loan?and how will you pay it back?
>>62741072>what will you do with the loan?Use it to make money >>62741072>how will you pay it back?With the money I make from using the loan
>>62741062I do this on aave since years.
I already do this but on Aave/Morpho, not CEXs with retarded rates.
>>62741062If there's a large enough liquidation you're fucked.
>>62741080How to get in debt 101. Also when your collateral goes down in value you are fucked. Especially for crypto, with its high volatility it can easily go down 20 or 30% and then your lender will demand more collateral or might even sell your assets.
