Which cryptocurrencies can be used as collateral in dydx lending?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure! dydx lending platform accepts a variety of cryptocurrencies as collateral. Some of the popular cryptocurrencies that can be used as collateral on dydx include Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), and Dai (DAI). These cryptocurrencies have a high market value and are widely accepted in the crypto community. By using these cryptocurrencies as collateral, you can borrow funds or earn interest on your holdings.
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• Dec 25, 2021 · 3 years ago
  dydx lending platform allows users to use a wide range of cryptocurrencies as collateral. Some of the supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). This provides users with flexibility and options when it comes to securing their loans. It's important to note that the value of the collateral will determine the amount of loan you can borrow, so make sure to carefully consider the collateral you choose.
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• Dec 25, 2021 · 3 years ago
  dydx lending platform is known for its extensive range of supported cryptocurrencies. Apart from popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), dydx also accepts lesser-known cryptocurrencies such as Zcash (ZEC), 0x (ZRX), and Basic Attention Token (BAT) as collateral. This allows users to leverage their holdings and access funds without having to sell their cryptocurrencies. It's always a good idea to check the dydx website for the most up-to-date list of accepted cryptocurrencies.
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