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RE: Can yETH bring the Ethereum bull back?

in HODL4 years ago

Thanks for your kind attention. If they have 2 ETH, they'll borrow 1 ETH worth of DAI by making 2 ETH collateral. But it looks safe to some extent. Obviously, if ETH price drops drastically, there will be the liquidation of the vault.

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Okay, then they only use 50% of deposit as collateral. Quite safe with ETH asset indeed 😄