Cykros on Nostr: Been seeing a lot about #Bitcoin lending lately. It occurred to me that these ...
Been seeing a lot about #Bitcoin lending lately. It occurred to me that these function a lot like a derivative contract, or multi leg strategy. You're selling a contract, covered by your bitcoin, and it goes in the money by hitting your liquidation price, in which you lose your coin. Sort of like a call with a weird inverse strike mechanic.
If this sounds scary, maybe think twice before borrowing against your bitcoin.
Published at
2025-03-14 22:03:58Event JSON
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