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.
I give 2% on bitcoin risk free since I fully collaterize at all times. If we ever get close escrow buys bitcoins with my money and sends them to you. Banks give interest in usd. It's a difference. I am open to any offers but no crazy interest rates
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
Can you also add/mention what is your stable coin collateral? I don't see any...
right now have usd on the bank. Thinking of usdc but open to other alternatives in case the lender requests that.