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RE: Presenting Bankera Loans - Easy & Accessible Crypto-Backed Lending

in #crypto5 years ago

Kindly excuse my noob question. Say I intend to obtain a loan worth 1000$, I have to submit a collateral of crypto worth 1000$.

By the time i want to payback, if the collateral i used has gone up in value, does it mean i will recieve less than the amount of collateral i dropped in the first place?

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Sorry ive worked out the answer to that in my head