This is interesting:
In a way, I heard that 60 HBD translates to about 1 HBD per month …
This is 5 dollars per 300 HBD
Or 50 dollars for 3000 HBD
Or 500 dollars for 30,000 HBD
If I can borrow 30k with negotiate a less then an 500$ payment on the loan, I can make a profit, and pay the loan. And once it’s paid, the HBD would be all profit. The tricky part is the taxes.
Interesting.
But of course 20% is not guaranteed.
But if the interest rate changes and makes it unprofitable, I can withdrawal the HBD and pay off the loan.
I could even rinse and repeat as long as I clear the monthly payment I can scale indefinitely.
I can even list the HBD aOn my asset and liabilities sheet, which makes my position stronger, as the assets grow each month, and the liabilities shrink.
If only I could borrow this from MakerDao and not lose so much on transaction and transfer fees…
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The 20% isn't guaranteed but I trust HBD more compared to all the other stable coins and I don't think the 20% will be going away for the next year or two. The liquidity for HBD just isn't large enough yet.
!CTP
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