See More CryptosHome

DLLR

Sovryn Dollar

Show Trading View Graph

Mentions (24Hr)

0

0.00% Today

Reddit Posts

Mentions

r/BitcoinSee Comment

You take out a 1M ZUSD loan Immediate step: Convert into DLLR, the main stablecoin used for DeFi applications across Sovryn ecosystem With this, you currently can: 1. Convert into USDT or USDC through Babelfish aggegator, then transfer and cash out through the many options that exist throughout the cryptoworld, eg through Coinbase. Fund your lifestyle pay bills, etc. 2. Lend to earn interest on [Sovryn](https://sovryn.app/earn/lend) (interest paid out stablecoin) 3. Trade for more assets - like buying BTC or the protocol's governance token, SOV. 4. Provide liquidity for trading pools When do you pay back? Whenever you want. Or never. You're lending against yourself. No one is coming to ask you questions. But remember to watch your collateral ratio. If it fall before 110%, automatic liquidation begins. Add/remove collateral as needed. No other charge throughout the life of the loan. 8% Origination fee: Charged immediately the loan is issued, and distributed to stakers in the protocol as per their voting weight. (SOV stakers controlling the Bitocracy) As always, Disclaimer: Not Financial advice. You still need to DYOR.