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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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56798205 No.56798205 [Reply] [Original]

Does anyone here only hold their crypto in their cold or hot wallet just sitting there? Right now I have a quarter of my LINK stored onto compound and collateralized those assets to secure a loan to buy more LINK. It seems like a no brainer if you're aware of the inherent risks.

>> No.56798217

You fucking retard are lending your linkies to shorters you stupid moron.

>> No.56798227
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56798227

Just... remember what happened to Kyber this past weekend.
Just keep it in mind, anon.

>> No.56798250

>>56798217
I collateralized it and repurchased the same amount of LINK that's stored right back into my cold wallet. The only downside is that if you get liquidated depending you lose only 10% of what you hold. I don't see much of the risk when I have the same amount stored in a cold wallet.

>> No.56798276

>>56798227
I'm actually more impressed they were able to recover *most* of their lost funds to users. Hope this keeps up in the future, amazing technology this stuff is.

>> No.56798288
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56798288

>>56798276