We need to be able to take loans out against HIVE like you can with ETH and others on various defi platforms. Then instead of cashing out, you just take a loan and you don’t have to sell your crypto and it’s not a taxable event either.
You are viewing a single comment's thread from:
I've actually already programmed that part of Magitek... and it 'works'... in theory.
Except instead of Hive you do it with Fire... that can only created by sending Hive to @null.
Actually users will be able to create mana/fire/lightning/ice.
Seeing as Ice is the stable coin: that's the one you want to create if going long so you only owe back USD.
yeah. that would be awesome. I think then i would power up all liquid hive i have :)
wow, that will be so cool, to be able to take loans using HP as collateral, not that i need it, but it would be nice.
A lot of people are using Nexo to just that, just doesn't support Hive.
Hmm...
https://nexofinance.typeform.com/to/jmAErd
This sounds good.
Posted Using LeoFinance Beta