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Showing 12 of 12 results by dissontor
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Re: [WANT] 6000 USDC Secured Loan
by
dissontor
on 23/05/2024, 15:30:17 UTC
There is no risk for the lender.

... but would send more if the value drops.

Can you clarify this discrepancy?  What forces you to send more when you already have your loan?

Fear from the collateral being liquidated.
Normally, if the collateral falls to 110% of the value it gets sold. So I would deposit more if the price starts getting closer to that limit.

I saw this a while back but refrained from posting, as you stopped posting and I thought you found another way to finance this loan. Since you have posted again, I might as well throw something in here.

I wouldn't mind doing this. Obviously my account is new, like yours, so I can see how you might be wary considering me at all but I can sign an address with over 8 BTC in it just so you could at least see that I'm not another troll. Escrow is fine but you'd have to pay it (escrows on this forum usually charge 1% - so you can visualize that being added to the monthly rate). Would want 5% a month, with 120% collateralization, and 110% stop-loss (which you seemed to be fine with in your previous posts).

This could work with an escrow.

However, since it's been some time since than I am currently reevaluating my options. Perhaps I come back.
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Re: [WANT] 6000 USDC Secured Loan
by
dissontor
on 21/05/2024, 16:37:04 UTC
OP - I suggest you set up a smart contract for this.  You sending $9000 to Eternad is risky, since he has little history and a lot of gambling posts.

Escrows on here charge expensive fees for what a smart contract does automatically, and often the escrow provides no additional protection at all.

Good luck!  Smiley

I don't know how to set this up.

I can fulfill this loan but with 150% collateral of the loan amount. Also the collateral will automatically liquidated since I will setup a stop loss on a price which the amount will be 110% value. You can always top up your collateral to avoid liquidation but inform before doing it.

I can offer you 10% monthly interest for the loan. Just let me know through PM if you agree to my terms since I might not visit again this thread. Most importantly, I will need to secure the collateral before I provide you the loan amount.



This is too much for me. It involves risk.

While the loan shark has no risk as he doesn't require collateral. It's the same rate from him. 10%.
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Re: [WANT] 6000 USDC Secured Loan
by
dissontor
on 23/04/2024, 14:41:55 UTC
If the lender is afraid of KYC, he's likely a high risk lender.

You don't understand bitcointalk and it's users. Here people do not appreciate KYC but that does not mean they are scammer or have any malicious intend. You need to find a good lender who have good reputation and stable trading history. There are many members who provide escrow service too, you can escrow the funds if you do not feel safe with the lender.

Ofcourse they don't. But that means they don't use centralized exchanges.
Which elimantes them from this job.
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Re: [WANT] 6000 USDC Secured Loan
by
dissontor
on 23/04/2024, 13:12:28 UTC
Yes, Reserve Rights.

0x9CdcbAF129e8a4D07e5D2970f88e13FaE96b238C

Since it's staked it currently holds 6.89M eUSDRSR which when unstaked is 7 559 088 RSR
Good to know, I hope someone can check the balance. I don't know which explorer to use.

His only risk is Binance running away. Because the collateral will be liquidated in favor of more stablecoins than he issued either way.
There is the risk for delisting too but the exchange will inform it at least a few weeks before they delist. When the tokens are taken in the exchange then there is a risk for KYC too. But I think for a good lender none of it will matter. You need to find a good one. Check this section and you will fine some lenders, try to PM them personally.

https://etherscan.io/address/0x9CdcbAF129e8a4D07e5D2970f88e13FaE96b238C

You can see eUSDRSR which is staked RSR. However, before the loan I would unstake it so it would be RSR.

If Binance would delist it, it would inform the users in advance. However, why would it delist a $20 million daily volume token?
Even if such a scenario would play out, the lender is still perfectly safe since there's OKX, HTX, Kucoin, Gate, Curve, it's even on Crypto.com
Even if it somehow got delisted on all of them eventhough it has dozens of millions in daily volume consistantly, the lender would still know in advance and have time to respond.

If the lender is afraid of KYC, he's likely a high risk lender.
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Re: [WANT] 6000 USDC Secured Loan
by
dissontor
on 21/04/2024, 01:05:24 UTC
3 options here.

1. They're just bumping their signature campaign posts and didn't even bother to check the post or the comment.
2. They've instantly judged me for my newbie account as 99% of newbies asking for loans are scammers and didn't even bother to check or read.
3. They are retarded.

I would like to believe it's the 2nd.

Binance listed, $20 million daily volume, $45,000 available collateral for a $6000 loan, risky lol
wHo WoUlD fAlL fOr tHiS
what the actual fuck   Cheesy Roll Eyes

You make assumptions just because your offer leaves most of us (if not all), indifferent. That doesn't mean that the reason is your token. For me, it's the interest and of course the USDC. If somebody thinks or feels that your offer is high risk, fine. It's up to them to decide and express their thoughts and their opinion. We don't all have the same "risk meter", as we don't all have the same "value" meter. Cool

Ofcourse. I just made an offer for the interest. It's not fixed. I wanted to see what the offers would be.

What I meant with in this reply are things that are just flat-out wrong. There is no other reason than the 3.
That's a 0 risk transaction. The users who wrote these comments didn't read or research the thread.

Quote
Any lender would have to also take the risk that if RSR falls before you pay your loan... bad luck. Do you truly believe anyone would fall for this fit this profile?

Quote
And that is your problem.
It has bounced up and down a lot.

Quote
You dont have much choice here since your collateral is high risk.

If a fully collateralized Binance token doesn't fit these standards, what does? BTC,ETH? Those are on AAVE and Compound, who needs Bitcointalk for that?

-------
Ofcourse the interest rate is up for debate. This was just getting to see what's where hoping to hear offers requesting 10%, 15%, 5%, dunno.
Not people saying oMg ToO mUcH rIsK fOr A fUlLy BaCkEd BiNaNcE ToKeN
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Re: [WANT] 6000 USDC Secured Loan
by
dissontor
on 20/04/2024, 22:22:03 UTC
I don't know why some of the posters say this is high risk collateral. It's listed in every exchange there is and with a stop loss it can easily be liquidated in multiple exchanges at the same time, there's ~ 20 million volume in the last 24 hours. I took a loan once and offered STORJ as collateral, it currently has half that volume in the last 24 hrs. I don't see any risks here except for whatever OP is taking on.

Yes.

I would believe there's 2 options here:

1. They're just bumping their signature campaign posts and didn't even bother to check the post or the comment.
2. They've instantly judged me for my newbie account as 99% of newbies asking for loans are scammers and didn't even bother to check or read.

I would like to believe it's the 2nd.
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Re: [WANT] 6000 USDC Secured Loan
by
dissontor
on 20/04/2024, 19:04:53 UTC
I went with this coin from $0.04 to $0.11, then to $0.002, to $0.01, and now to $0.005. I bought more with each dip. >90% crash. Still hodling.
Sell 5000€ which are going to be 10 000€ in a month? Or a 100 000€ in a year? No, thanks.

I believe in this project.

You dont have much choice here since your collateral is high risk. You can either take out a loan from your bank or a local loan shark, or sell part of your RSR tokens at the current market price and buy them back in a month or two. Even if the price goes up, you will still be able to buy back at least a portion of the sold tokens.  And, if you really believe in the project, and think that it could moon in the future, you wont lose much because you are still holding a substantial amount. 

I do not think you will get attractive offers here because of your collateral.


Why is it high risk?
I mean a sell order is a sell order, how does it matter?
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Re: [WANT] 6000 USDC Secured Loan
by
dissontor
on 20/04/2024, 18:34:04 UTC
I went with this coin from $0.04 to $0.11, then to $0.002, to $0.01, and now to $0.005. I bought more with each dip. >90% crash. Still hodling.
Sell 5000€ which are going to be 10 000€ in a month? Or a 100 000€ in a year? No, thanks.

I believe in this project.

Nice story, but this means you will have to find a lender who cares about trusts RSR as much as you do, which may be difficult.
Any lender would have to also take the risk that if RSR falls before you pay your loan... bad luck. Do you truly believe anyone would fall for this fit this profile?

But why?
The lender can set a sell order at a certain price which cover 110% of the loan provided. If RSR goes down, he will not be affected. Only I will be.

...
I went with this coin from $0.04 to $0.11, then to $0.002, to $0.01, and now to $0.005. I bought more with each dip. >90% crash. Still hodling.
Sell 5000€ which are going to be 10 000€ in a month? Or a 100 000€ in a year? No, thanks.
...

And that is your problem.
It has bounced up and down a lot.
The 15% over that @aliveNFT mentioned is not enough.
If anyone would want to take the risk you are probably looking at a 2 to 1 at a minimum so $12000 worth of the token

Add that with the lower interest rate that you are looking for it's going to be difficult to find someone to offer it.

-Dave



I have already mentioned I have around $45,000 worth of the token.
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Re: [WANT] 6000 USDC Secured Loan
by
dissontor
on 20/04/2024, 16:30:55 UTC
Hi dissontor !

I think that anyone who agrees to give you a loan will require at least +15% of the debt amount as collateral. You will have to take out tokens from staking and transfer them to the person who will issue the loan to you. Isn’t it easier to just sell the part you need through Binance and buy it when you need it? Or do you not want to lose money on the potential growth(x) of the token?

I went with this coin from $0.04 to $0.11, then to $0.002, to $0.01, and now to $0.005
Sell 5000€ which are going to be 50 000€ for 20% of a stupid car? No, thank you.
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Re: [WANT] 6000 USDC Secured Loan
by
dissontor
on 20/04/2024, 16:07:39 UTC
I'm wondering what kind of interest rates would I get?
Note, 0.5%/day etc. is completely preposterous. I can get 10%/month from a local loan shark with no collateral lol.
Since it would be heavily collateralized, I would like it to be 3%/month or so, but I'm open to offers.
It's likely going to be paid off within 3 months.

Trusted members only.
Very complicated math one have to do. The easiest math will be to take the 6000 USDC and never come back again. What do you think?
  

/*edited*/
I was looking at the RSR price in Binance: https://www.binance.com/en/trade/RSR_USDT
Are you talking about the same RSR? Post the address having 7 500 000 RSR. Others will believe that you are seriously asking for a loan.

0x9CdcbAF129e8a4D07e5D2970f88e13FaE96b238C

Since it's staked it currently holds 6.89M eUSDRSR which when unstaked is 7 559 088 RSR
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Re: [WANT] 6000 USDC Secured Loan
by
dissontor
on 20/04/2024, 15:47:49 UTC
I'm wondering what kind of interest rates would I get?
Note, 0.5%/day etc. is completely preposterous. I can get 10%/month from a local loan shark with no collateral lol.
Since it would be heavily collateralized, I would like it to be 3%/month or so, but I'm open to offers.
It's likely going to be paid off within 3 months.

Trusted members only.
Very complicated math one have to do. The easiest math will be to take the 6000 USDC and never come back again. What do you think?
 

And lose my collateral?
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Topic OP
[WANT] 6000 USDC Secured Loan
by
dissontor
on 20/04/2024, 15:32:29 UTC
I only registered because there's no DeFi market currently that accepts RSR as collateral.
There's a random reddit post that Fringe Finance is going to integrate it, but it's not there and Fringe Finance?

Anyways.
I own around 7 500 000 RSR which is at current prices ~$45,000.
Binance listed.

I am missing some money to purchase a car I wish to drive for Uber during the summer and I wish not to liquidate my RSR which I have been holding for multiple years since I'm expecting it to grow a lot.

I'm wondering what kind of interest rates would I get?
Note, 0.5%/day etc. is completely preposterous. I can get 10%/month from a local loan shark with no collateral lol.
Since it would be heavily collateralized, I would like it to be around 3%/month or so, but I'm open to offers.
It's likely going to be paid off within 3 months.