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Bitcoin Loan

By depositing your Tricrypto2 tokens to Abracadabra, you probably can proceed to earn a yield on your long-term position whereas concurrently gaining the ability to borrow up to 90% of the collateral’s value. The collateral I put up for the mortgage (all loans in DeFi are overcollateralized – extra on that later), still generates yield whereas I’m borrowing towards it. Rupena says if the worth of bitcoin falls, borrowers have the choice of including extra bitcoin. The firm may liquidate your crypto if there’s a catastrophic drop.

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