Hi all - so i posted $eth as collateral. If i use that to borrow $xcn and $xcn goes up in price, do i keep the value of the increase or do i repay the $xcn at the higher valuation?
Also, can i stake what i borrow?
Hi all - so i posted $eth as collateral. If i use that to borrow $xcn and $xcn goes up in price, do i keep the value of the increase or do i repay the $xcn at the higher valuation?
Also, can i stake what i borrow?
you will have to repay according to price of eth
did you get it sorted Mate ?
Correct
I posted the collateral but didnt borrow. What are the benefits to borrowing $XCN?
you can convert it to other assets and sell for profit and then repay the debt