Awesome thanks! There is still something about the borrowing money that really scares me, but who knows. How much time do you have to pay the loan back?
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Awesome thanks! There is still something about the borrowing money that really scares me, but who knows. How much time do you have to pay the loan back?
You aren't allowed to pay it back for 30 days.
You're never required to pay it back.
They don't want you to pay it back, in fact.
Because they have to mint Rune to pay back the collateral.
They'd just rather keep my ETH or BTC I am sure. I'm just trying to figure out what a typical move would look like. So you don't get your collateral back as the same token? You get it back as RUNE? Maybe I should just go play around with the platform a bit and see if having eyes on it makes more sense!
I didn't explain it very well in this one but I did in my other posts.
You do need to test it out yourself it will make more sense.