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RE: Lending on Hive

in LeoFinance2 years ago

Thank you.
The topic is complicated, and I am still thinking it through.
But in answer to your question:
If you purchase $100.00 worth of Hive at 40 cents it would be about 250 Hive. Then you deposit it on Hive Loans and borrow a maximum of 40% of the value of your deposit or 40$, and the loan is paid in Hive Dollars, this places a hold on your 100 dollars worth of Hive, which is released when you pay back the loan.