Brian of London on Nostr: If I wrap a 0.5 BTC at $40,000 and deposit $40,000 HBD, and a few weeks later the ...
If I wrap a 0.5 BTC at $40,000 and deposit $40,000 HBD, and a few weeks later the price is $42,000 and I have to deposit another 0.5 BTC, I believe the plan is that I would have to deposit enough to make the collateral up to 84,000 total.
But these numbers will be altered by the reliability of the wrapper. For example my Hive reputation (with all the revenue streams it gives me) ensures that my reputation on Hive is worth many times more than these figures.
Published at
2023-12-04 12:54:25Event JSON
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"pubkey": "3dc473414bea4de1df1f172c3196a820719dbb58baaf8764b9edaa07c6d5e9dc",
"created_at": 1701694465,
"kind": 1,
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"content": "If I wrap a 0.5 BTC at $40,000 and deposit $40,000 HBD, and a few weeks later the price is $42,000 and I have to deposit another 0.5 BTC, I believe the plan is that I would have to deposit enough to make the collateral up to 84,000 total.\n\nBut these numbers will be altered by the reliability of the wrapper. For example my Hive reputation (with all the revenue streams it gives me) ensures that my reputation on Hive is worth many times more than these figures.",
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