Link Margin

[Anonymous No.10784029]

Unbeknownst to many /biz/anons, https://quickline.market/ exists. It lets you margin lend and loan many ERC-20 tokens against any other token (or DAI) as long you find a p2p backer. This is somewhat like MakerDAO but the loan is settled P2P + contract instead through a DAO contract.


Scenario 1:

> Lend Linkies ETH or DAI at margin to buy more LINK and get taxed from their risks in interest.
> Bonus points: You get extra money when the loan gets liquidated above market price.

Scenario 2:

> Link marines margin buy LINK until we buy up the remaining supply.
> Then offer LINK loans at low %, but sky high profits to pay back our compounding margin loan debt.
> Live of staking rewards at 1000$ per Link.

> Bonus points: Liquidation

Do with this information what you want.

[Anonymous No.10784035]

[Anonymous No.10784173]

Explain this to me like I’m six years old please

[Anonymous No.10784205]

Actually I think I got it. Win win situation.

[Anonymous No.10784398]

>>10784173

> Explain this to me like I’m six years old please

It is no different than going margin on a exchange, except you can take out a part of the underlying asset without forfeiting the margin (thus creating a loan). You can use this money to either buy more LINK or cash out chunks of your link if you need money but do not want to sell your LINK. It is entirely P2P, so you need others to offer LINK loans in DAI or ETH. These will get money simply from offering the loan in interest, and in case LINK goes to low, they will get your liquidation penalty (+interest).

It likely would even be possible to stake LINK within a loan if the contract allowed it.

> PS, someone make pic into a LINK cube

[Anonymous No.10784829]

>>10784398
He said 6 years old, not 5. Jackass

[Anonymous No.10784901]

>>10784829

please draw the cube