From what I understand the downpayment covers the partial liquidations but if the assets drop in value beyond what the downpayment can cover, I'd guess similar to other collateralized loans you need to add more to the downpayment.
Thanks for sharing! Just a quick off-topic question: I have TRC20 USDT in my OKX wallet and I have the recovery phrase: 【pride pole obtain together second when future mask review nature potato bulb】. What is the best way to transfer them to Binance?
Great overview! Nolus seems really good. What happens when the crypto drops too low in value? They take it all?
From what I understand the downpayment covers the partial liquidations but if the assets drop in value beyond what the downpayment can cover, I'd guess similar to other collateralized loans you need to add more to the downpayment.
@@HackCrypto Cool cool
Thanks for sharing! Just a quick off-topic question: I have TRC20 USDT in my OKX wallet and I have the recovery phrase: 【pride pole obtain together second when future mask review nature potato bulb】. What is the best way to transfer them to Binance?
150% on top is pretty wild. Confused how that's possible
Research how it works on their site and whitepaper
@@HackCrypto ok
The dude that got the 600% on that loan must have been only in the NLS token?
Good questions. My guess is the 600% return was in whatever asset the lease was made in originally
You cannot open a lease position on NLS yet.
@@tonypapailias9374 any idea on when?
@@HackCrypto when there's deep liquidity for this.
How many chains are using this?
I believe its 3 different blockchains. Check out their website here: nolus.io/
wuts the difference between a defi lease and a loan?
Research it on their whitepaper. Link in the description