Post
Topic
Board Economics
Merits 1 from 1 user
Re: I dont sell my assets i borrow against them
by
@sriyan
on 19/08/2023, 11:30:27 UTC
⭐ Merited by AbuBhakar (1)
I never sell once you sell you out of the game i borrow against them.
Only problem is that there is no good lenders so that's why i have started lending myself and Im working on to build my financial empire thanks to cryptocurrency it's all possible.
Best Ever assets created are btc and other volatile coins those are best collateral.
By borowing against assets it's great way to benefit owning assets without selling them.
It's not secret that "financial people and bankers " in the west use btc as collateral for the Loans before BTC it was gold used as collateral but since btc started the borrowing process against assets it's a lot more easy now.

The best collateral are BTC and best money are USDT.  

I am doing the same thing. I received an ARB airdrop this year. I need stables to farm the airdrops. So what I did was use ARB as collateral and borrow the USDC from the lending/borrowing service.  After the airdrop, I paid all the stables and take my ARB back.