[VHRanger]

Why didn't you just pay off the loan if you had more than enough collateral already to get a >100% collateralized loan?

What happened is that you used DeFi to leverage your financial position, not pay off debts.

Don't lie to people.

[imsd]

For greater capital efficiency. I explained it here:

https://news.ycombinator.com/item?id=27845492

And I'm not increasing my overall debt position on my personal balance sheet. Rather, I shifted the debt from student loans at ~5.5% to a DeFi protocol where the borrow rate is effectively negative.