Hey guys. I don't want to sell my btc, but I need some money for my family vacation. I looked around several DeFi platforms where I can lock wrapped BTC and get stablecoins, also looked to companies like SALT and Unchained. I don't like 2 things: high interest rate and liquidations. Anyone took BTC backed loans? What is your experience?
Yeah it's the right decision go ahead at last all we want is some good time with our family and that's why it really matters , all the money the efforts and the time we are investing is for these good times.
And what you have thought it is good don't worry it'll not effect the worth of BTC in your wallet much. Just go ahead and have a good time don't think too much.