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So, the yield on my collateral pays for the interest on the loan, HOA fees, and property taxes with an additional $11k/month left over*, which I can use to start paying down the loan principal.
It gets better. As I pay down the loan principal, the 3.5% interest charge starts to go down (as the interest is applied on a reducing balance). Very different from the “pay the interest first” methodology that you’d see on any regular home mortgage.
These services are made to work in our best interests, not the board of directors of BofA. Welcome to the new age of financial services.
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Now, if you’re not in the market for something as “big” as real estate, you might be wondering: “this sounds cool, but how does it apply to me?”
Well, the point is that this same process and strategy works for practically any significant purchase you might make. Now, you can buy ...
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Well, Curve.Finance has the perfect product for you. Tricrypto2 is a yield-generating position that maintains equal exposure to BTC, ETH, and the stablecoin USDT. That means if Bitcoin and Ethereum each fall by 30%, the Tricrypto2 position will only be down 20%, and vice versa. It gives investors...
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Lending platforms like these aren’t new, but where it gets really interesting is the type of collaterals Abracadabra is able to accommodate.
By building on top of existing Defi platforms including Curve.Finance and Convex.Finance, Abracadabra is able to allow users to collateralize yie...
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First off, Abracadabra charges a 0.5% borrow fee up-front that adds $3600 to my outstanding loan balance.
The 0.5% borrow fee is the same for every collateral type on Abracadabra, while the other parameters vary depending on the collateral pledged.
The interest rate on the loan is f...
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