Yesterday we the announcement that we'll soon be getting access to collateralized loans on LeoDex via Maya protocol. The news which was first announced on the scheduled Mondays with Maya podcast, sparked a spontaneous livestream right after, hosted by Task, that lasted for almost two hours, discussing the implications after the official Maya livestream ended.
In this short I try to explain simply what this valuable new feature actually entails for LEO holders and the Leo ecosystem as a whole.
Link to video: Collateralized Lending Comes to Leo!
Notice: This video was created by my own initiative. Maya, InLeo or LeoDex was not involved in its creation.
Relevant links:
- leodex.io
- inleo.io
Transcript:
Great news for LEO token holders! Maya Protocol will soon allow you to use your LEO as collateral to take out loans. This means you can access the value of your LEO without having to sell it. The more liquidity in the LEO/CACAO pool, the better the interest rates for borrowers. With collateralized lending on Maya Protocol, LEO holders have an alternative to selling their tokens for liquidity. By using LEO as collateral for loans, you can access cash flow without increasing sell pressure on the token. This new feature helps expand the utility and adoption of LEO in a sustainable way.
If you found this interesting or useful, feel free to leave a comment, upvote or reblog.
Thank you for watching!
What is Hive?
To learn more about Hive, this article is a good place to start: What is Hive?. If you don't already own a Hive account, go here to get one.
Posted Using InLeo Alpha