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Marc
2mo ago
"Backed by Crypto" is a 🚩.
Unchained is better because you have some assurance against rehypothication, but the counterparty risk is too great vs. the reward in my opinion.
I can't see risking my sats, even with a reputable company like unchained for a loan with a double-digit interest rate.
I tool a 15k loan with a 10% interest rate backed by nothing to buy a new Air Conditioner.
Why risk 40k sats for a 15k loan with an 11% interest rate?
If it's because your credit sucks, realize that it sucks because you are more likely to get liquidated.
Unchained is better because you have some assurance against rehypothication, but the counterparty risk is too great vs. the reward in my opinion.
I can't see risking my sats, even with a reputable company like unchained for a loan with a double-digit interest rate.
I tool a 15k loan with a 10% interest rate backed by nothing to buy a new Air Conditioner.
Why risk 40k sats for a 15k loan with an 11% interest rate?
If it's because your credit sucks, realize that it sucks because you are more likely to get liquidated.
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