31 sats \ 0 replies \ @SHORT_TSLA 16 Aug 2022 freebie \ parent \ on: Sovryn Zero to take "0%" interest USD loans secured by BTC bitcoin
It's zero percent because it's an overcollateralized loan to yourself via a smart contract. You're incentivized to keep the collateral ratio above 110% because under that level the collateral for the loan can be liquidated.