Interesting new product. Use eg. your ETH as collateral and borrow stablecoins without interest rate. The catch is that you pay an opening and closing fee. So if you borrow $10k in stables, you pay $50 for borrowing, and $20 for closing the borrow. Effectively 0,7% APR if you keep your borrow for 1 year. 88% TVL utilization. Could be a nice supplement to AAVE and other lending protocols. Partnered with @protocol_fx to bring some awareness to this.
1/6 They told you to sell your BTC if you need stablecoins. They told you nothing comes for free. We say: Never sell. Put it to work. Today, we’re proud to announce the release of fxMINT
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