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RE: Bitcoin Collateralized Lending Vaults | How to Pay Your Bills Without Selling Your Crypto

in LeoFinance2 years ago

Is there any reason NOT to just put some BTC there without taking a loan against it? Just so it's there and ready if you ever do? Are you paying any fees for the account if you don't use it? Is the BTC "safe" while it's there? I realize there are no guarantees, but I would like to hear your opinions. You obviously have a strong working knowledge of the platform...

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If I wasn’t taking a loan against the bitcoin, then it’d be better to hold native BTC in a cold wallet

Remember that this is WBTC. So some risk there. I’m willing to take that risk in exchange for access to DAI loans

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