it can also technically take forever to get it back if rates become low, right? :D
Edit: Btw i look months ago over it, there was some problems with it i remember and i dont understand also why you need the native token or what the reason is to hold it.
It takes longer to repay the loan when rates drop, of course.
There was an issue when they deployed their ETH contract the first time, which caused all loans to be repaid instantly. It was dubbed "reverse-rugpull", users rugged the protocol.
The native token doesn't have a use case except voting for governance proposals right now. 10% of the earned interest goes to the treasury and will be distributed to stakers in the future.
it can also technically take forever to get it back if rates become low, right? :D
Edit: Btw i look months ago over it, there was some problems with it i remember and i dont understand also why you need the native token or what the reason is to hold it.
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It takes longer to repay the loan when rates drop, of course.
There was an issue when they deployed their ETH contract the first time, which caused all loans to be repaid instantly. It was dubbed "reverse-rugpull", users rugged the protocol.
The native token doesn't have a use case except voting for governance proposals right now. 10% of the earned interest goes to the treasury and will be distributed to stakers in the future.
Thanks, good to know!