Hacker News new | past | comments | ask | show | jobs | submit login

The issue is that it is uneconomical. Collateral is set at 4-5x. The market for people who want to make that trade is limited.



I know people who do it. They expect a long-term rise in ETH value, but they want to spend some money now without paying capital gains. They use Maker to essentially take a loan out on their ETH collateral. (And yes, they talked with their tax advisors.)


Thats exactly what I had in mind. A reasonably intelligent trader doesnt want to make his operation more capital intensive however. Has use cases, but limited.




Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: