I’ve Completed 32 Loans on Liquidium!

in LeoFinance • 3 months ago

I have been using Liquidium for several months now. So far it has been a pleasant experience, and I will continue using their services.

But, What Is It?

Liquidium is a leading peer-to-peer lending protocol on Bitcoin's blockchain. Users can borrow or lend Bitcoin using various Bitcoin-based assets like Ordinal Inscriptions, Runes, and BRC-20 tokens as collateral. It operates directly on Bitcoin's layer-1.

I currently have successfully completed 32 loans; earning .00823 BTC in interest.

It does not come without any risk, however. I have been liquidated 4 times. This generally happens when the price of the collateral is less than the loan. But I was fortunate enough to be able to sell them all for profit.

Posted Using InLeo Alpha

#Bitcoin #neoxian #archon
3 months ago in LeoFinance by
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       3 months ago 

      Congratulations @mcoinz79! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

      You distributed more than 110000 upvotes.
      Your next target is to reach 115000 upvotes.

      You can view your badges on your board and compare yourself to others in the Ranking
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             3 months ago 

            @mcoinz79! @bigtakosensei likes your content! so I just sent 1 BBH to your account on behalf of @bigtakosensei. (1/1)

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                   3 months ago 

                  Ouch, been liquidated 4 times is quite harsh. My appetite for risk is quite low and while I got burned in the past with DeFi and Lending platforms, I am staying away from them these days and focusing on earning organically, like from the Hive blockchain.

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                         3 months ago 

                        Nice! Didn’t know this was a thing…

                        !BBH

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