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THORChain has increased lending caps on its platform, allowing users to open loans with 50% LTV, no liquidations, no expiry, and no interest. Native BTC or ETH can be used as collateral for these loans, which have a 30-day minimum duration. The platform aims to provide seamless cross-chain swaps and DeFi lending services, attracting users with its user-friendly interfaces and competitive terms. Notably, THORChain's offering comes at a time when other platforms like MakerDAO have raised interest rates significantly, potentially driving users towards THORChain for more favorable lending terms.
If you are leveraged long BTC or ETH and plan to stay that way for the next 30 days, you’re being financially foolish if you don’t move over to @THORChain no-interest and no-liquidation loans The best TC lending interface I’ve seen so far is @THORSwap
I CHOOSE RICH. The ticker is ... https://t.co/m9aPvZaJcX
WOW one of the biggest opportunities to eat a DeFi platform's lunch has just presented itself for @THORChain MakerDAO has "Temporarily" raised their interest rate to 17.25% as of 12 hours ago. I was running math on my vault and I am now paying $60,375 PER YEAR in interest… https://t.co/2kEttT8sCd
