I have been using Liquidium for several months now. So far it has been a pleasant experience, and I will continue using their services.
But, What Is It?
Liquidium is a leading peer-to-peer lending protocol on Bitcoin's blockchain. Users can borrow or lend Bitcoin using various Bitcoin-based assets like Ordinal Inscriptions, Runes, and BRC-20 tokens as collateral. It operates directly on Bitcoin's layer-1.
I currently have successfully completed 32 loans; earning .00823 BTC in interest.
It does not come without any risk, however. I have been liquidated 4 times. This generally happens when the price of the collateral is less than the loan. But I was fortunate enough to be able to sell them all for profit.
Posted Using InLeo Alpha
Congratulations @mcoinz79! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 115000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
@mcoinz79! @bigtakosensei likes your content! so I just sent 1 BBH to your account on behalf of @bigtakosensei. (1/1)
(html comment removed: )
Ouch, been liquidated 4 times is quite harsh. My appetite for risk is quite low and while I got burned in the past with DeFi and Lending platforms, I am staying away from them these days and focusing on earning organically, like from the Hive blockchain.
Nice! Didn’t know this was a thing…
!BBH