Zero, 0% #Bitcoin backed loans are now available here at a 13% origination fee:. This fee % is a recent change.
28 Dec 2023, 11:57
Zero, 0% #Bitcoin backed loans are now available here at a 13% origination fee:
This fee % is a recent change. In July, the Sovryn community voted to raise the origination fee to 99% because of collateral redemptions. Why do redemptions happen?
Same news in other sources
728 Dec 2023, 11:57
Redemptions create demand for discounted DLLR, restoring the $1 peg.
Take a look at the Zero interface and figure out what's best for you:
#StaySovryn!
Redemptions create demand for discounted DLLR, restoring the $1 peg.
Redemptions create demand for discounted DLLR, restoring the $1 peg.
Take a look at the Zero interface and figure out what's best for you:
https://t.co/Rpdyp49kxR
#StaySovryn!
28 Dec 2023, 11:57
$65K Full Redemption: Your entire debt is eliminated. You can withdraw the leftover $15K value in RBTC collateral.
$65K Full Redemption: Your entire debt is eliminated. You can withdraw the leftover $15K value in RBTC collateral.
$65K Full Redemption: Your entire debt is eliminated. You can withdraw the leftover $15K value in RBTC collateral.
28 Dec 2023, 11:57
$15K Partial Redemption: Your debt drops to $50K. Your RBTC collateral value drops to $65K. Your loan is safer.
$15K Partial Redemption: Your debt drops to $50K. Your RBTC collateral value drops to $65K. Your loan is safer.
$15K Partial Redemption: Your debt drops to $50K. Your RBTC collateral value drops to $65K. Your loan is safer.
28 Dec 2023, 11:57
Keep your loan safe by maintaining a higher collateral ratio than other loans. Loans with lower collateral are hit first.
Partial Redemptions reduce your debt. Full Redemptions eliminate your entire debt and let you withdraw any leftover collateral.
Keep your loan safe by maintaining a higher collateral ratio than other loans. Loans with lower collateral are hit first.
Keep your loan safe by maintaining a higher collateral ratio than other loans. Loans with lower collateral are hit first.
Partial Redemptions reduce your debt. Full Redemptions eliminate your entire debt and let you withdraw any leftover collateral.
28 Dec 2023, 11:57
When your loan collateral is redeemed for DLLR, your DLLR debt decreases by the same amount. Your net line of credit value (=collateral - debt) stays the same.
When your loan collateral is redeemed for DLLR, your DLLR debt decreases by the same amount.
When your loan collateral is redeemed for DLLR, your DLLR debt decreases by the same amount. Your net line of credit value (=collateral - debt) stays the same.
28 Dec 2023, 11:57
Example: You have a $65K ZUSD loan backed by $80K in RBTC. This is the riskiest loan.
Example: You have a $65K ZUSD loan backed by $80K in RBTC. This is the riskiest loan.
Example: You have a $65K ZUSD loan backed by $80K in RBTC. This is the riskiest loan.
28 Dec 2023, 11:57
Zero Redemptions happen when the price of DLLR falls below $1. They allow people to exchange DLLR for BTC collateral.
This helps bring the DLLR price back up to $1. Redemptions take collateral from the riskiest loans first.
Zero Redemptions happen when the price of DLLR falls below $1. They allow people to exchange DLLR for BTC collateral.
Zero Redemptions happen when the price of DLLR falls below $1. They allow people to exchange DLLR for BTC collateral.
This helps bring the DLLR price back up to $1. Redemptions take collateral from the riskiest loans first.