I am just wondering…
Is there a money market where you can put stETH as colleral to borrow ETH?
If it is possible, then in this situation will the borrower will ever be liquidated?
Im not talking about putting stETH as collateral to borrow DAI on MakerDAO and use DAI to buy ETH. I meant putting stETH as collateral to borrow ETH directly…
Thanks.
Inverse Finance on ethereum allows it.
on rari.capital
In terms of using stETH as collateral to borrow ETH, I’m not sure how feasible that is, but I know that you can use any altcoins or NFTs as collateral with Govworld, and at the end of the day, I don’t think anyone minds what you use your loan for, so you can buy as many ETH as you want.
can i know the thought process behind this , i just want to know that you are not thinking it as a no-liquidation loan