RE: DeFi 2.0 Magic: Self Repaying Loans
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The information you exposed makes us dream. But let's clarify what's really going on
=> For example in the case of Alchemix, you must deposit a guarantee of double your loan
Concrete case:
1st: You deposit $10,000
2nd: You have the right to have a self-refundable credit for only $5000
3rd: Your starting sum generates interest (from 2 to 7%) which reimburses the credit (over X years).
4th Once the refund has been made, you recover your initial investment of $10,000
0
0
0.000
Additional answer via a real story DeFi 2.0 : Marketing Origin of Self Repaying Loans (ENG/FR)
Haha. Ooops. I took the wrong example. Should have been $3000 loan for $6000 collateral and not a $3000 loan for $1000 collateral. That's what Alchemix does. It gives loans at 50% LTV as you mentioned.
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