By the way, something everyone needs to understand about @avantisfi is the issue of borrowing.



What does it mean to borrow with a collateral?

So let's assume are trading futures on Avantisfi and your $BTC position is almost getting liquidated.

Because you want to save your position, you decide to add more USDC to it but you immediately realize that you don't have any USDC left.

At the same time , you also notice that the $ETH in your wallet is pumping hard and you don't want to sell it for USDC.

In this case, Avantis offers you the opportunity to use your ETH as a collateral. They give you USDC to save your position then they Hold your ETH bag.

Once your persps position jets back to profits, you can now close it and pay your USDC debt then get your ETH bag back.

Isn't this amazing? It is of course because no CEX will allow you to do it.

Start trading with Avantisfi today fam.
BTC-0.6%
MORE3.02%
USDC-0.01%
DON-8.59%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)