Post
Topic
Board Lending
Re: Need 7.5 ETH loan for 40 days - 10% interest - Collateral + escrow
by
jonsi
on 30/05/2018, 12:31:31 UTC
Hey guys

As title states, 7.5 ETH required for an investment I will put up 130% worth of Zebi tokens as collateral, should the value drop I’ll top it up. Zebi is to be held by the escrow, we’ll use a reputable one from this site, you will pay the tx few & I will cover the escrow.



Once your have your funds, you'll have no obligation to "top it up".  :/

No he doesn't, but this means that he will forfeit the collateral in the event that the value of the collateral drops bellow a certain safety procent.
If the agreed safety percent value of the collateral between him and the lender is for example set at 110% and he doesn't top it up to raise the value to 130%, then the lender will sell his tokens.