$Mefi token holders on all listed tokens-
1 Eth worth of collateral tokens = 0.4 ETH (40%) borrowed indefinitely
Repay - 0.4 + 0.016 (4% interest ) eth
If the Collateral value drop to 0.6 eth (40% drop from the time of loan) the collateral will be liquidated.
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We are proud to announce that we have upgraded $mefi dapp to price based auto liquidation.
Users can borrow ethereum on listed tokens indefinitely at a repay interest.
https://t.co/myjVCkgZyj
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Example-
Non mefi holder-
1 ETH worth of collateral tokens = 0.2 ETH (20%) borrowed indefinitely
Repay - 0.2 + 0.014 (7% interest ) eth
If the Collateral value drop to 0.6 eth (40% drop from the time of loan) the collateral will be liquidated.
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What can be expected in this month from $MEFI ?
1. Price based auto liquidation, which gives #MEFI to list lower market cap tokens as collateral.
2. Audit (After new price based liquidation)
3. Partnerships with projects.
#defi#memefinance
The Daily Degen - Saturday, November 12th, 2022
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