Question , if you don’t have enough to pay back collateral in usdc . And you decided to take out your collateral in hype , do you get the exact market value of the difference between the hype you staked and the usdc you borrowed ?
Question , if you don’t have enough to pay back collateral in usdc . And you decided to take out your collateral in hype , do you get the exact market value of the difference between the hype you staked and the usdc you borrowed ?
What’s the best way to get whatever you staked back in market value vs the usdc you borrowed ?
What’s the best way to get whatever you staked back in market value vs the usdc you borrowed ?
You can withdraw the collateral, sell it on the market and repay your debt
Best if now withdraw the maximum to avoid liquidations, but do this operation in tranches
You can withdraw the collateral, sell it on the market and repay your debt
Best if now withdraw the maximum to avoid liquidations, but do this operation in tranches
That’s the best way to get market value on the debt ?
That’s the best way to get market value on the debt ?
But if I withdraw the collateral to pay the usdc there’s not enough to pay it all
But if I withdraw the collateral to pay the usdc there’s not enough to pay it all
I'll make you an example so you can understand this better
You have 100 collateral and 70 borrowed, everything is in usd value
Of course you can't withdraw the 100 directly, but you can take 20, sell it and repay part of your debt, then withdraw some again and repay, do this until you're fully out the position
I'll make you an example so you can understand this better
You have 100 collateral and 70 borrowed, everything is in usd value
Of course you can't withdraw the 100 directly, but you can take 20, sell it and repay part of your debt, then withdraw some again and repay, do this until you're fully out the position