My question is: how high does LEO and/or LSTR need to go before I can borrow against it? I wanna use @khal's strategy with his BTC. I want to keep my entire stack until $100 and just use the money while it gets there.
My question is: how high does LEO and/or LSTR need to go before I can borrow against it? I wanna use @khal's strategy with his BTC. I want to keep my entire stack until $100 and just use the money while it gets there.
but what will we borrow? Sorry if I missed something obvious.
Probably USDC. If your assets are worth, say, $100k, then you borrow like $25k in USDC, pay yourself back with interest, and then hopefully close out the position by selling a small piece of the asset when it becomes worth $1M.
Got it. Makes sense.
it’s not a matter of price.
The loan infrastructure doesn’t exist
Right, but it will. At these prices, it's not really feasible. But at $10 LEO? $50 LEO? $100 LSTR? When the ecosystem has say....$500M inside of it, now it becomes a possibility.
no it still needs a mechanism built.
The value of it will not magically build this.
100%. But at a $3M market cap, why build it? It's not worth it. But when it's $500M? $1B? then it's worth building. Pretty sure Khal already has it in the back of his mind.
coming soon ;)