NFT Lending: The Good, The Bad, and The Ugly | #185
The Milk Road Show
00:00
The Risks of Leverage
Leverage leads to more volatility because when you have people who are taking out loans and then floor prices are going down, well, then those loans get liquidated. So it's scary when we're in the position they were in right now to think about, is it a good idea to buy a crypto punk or an azuki for 80% on loan? And so I look, I had a gut-run reaction to this that I was scared.
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