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by aphextron 2955 days ago
What exactly is the use case for a 100% secured loan?
1 comments

Even if you 100% collateralize, you can get 2x leverage. That leverage can be applied to all sorts of use-cases, but we think one of the main ones that will be common today is speculative margin trading (e.g., short selling)
So basically, like all crypto it’s just another layer of speculative trading, fraud and scams all the way down?

Congratulations, I guess...