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A community for investors, traders, users, developers, and others to discuss Ethereum and its cryptocurrency ETH. Join us on Discord, too! https://discord.gg/evmavericks

founded 2 years ago

Weekly General Discussion - July 02, 2023 <-> July 09, 2023 (kbin.social)

submitted 2 years ago by refugeddit@kbin.social to c/ethfinance@kbin.social

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[–] refugeddit@kbin.social 5 points 2 years ago (4 children)

@kbrot thanks for the liquity recommendation. I feel like an idiot for using MKR all these time. I seriously have no idea why LUSD is not used more with the low fees that they are giving.

[–] Diligent-Mouse3679@kbin.social 5 points 2 years ago (1 children)

When there is a crash and you need to delever, LUSD tends to go up in price a penny or two, which can really increase your repayment costs relative to shorter term maker loans.

[–] refugeddit@kbin.social 2 points 2 years ago* (last edited 2 years ago)

Fair enough, but with a 3%+ interest on maker for vanilla ETH, if you're pretty under leveraged, it is a no brainer IMO.

And you're not in a hurry to close your position since it is a one time fee, not to mention lower collateral requirements.

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