Most people still borrow the old way with a fleeting borrow rate, most often 4-8% APY.
The catch with fxMint is that you pay an opening and closing fee. However, this week it's only a closing fee, which is equal to 0,2% APY, which is the cheapest borrow in crypto. Mint fxUSD against ETH/BTC with liquidation protection.
Could be a nice supplement to AAVE and other lending protocols. Partnered with @protocol_fx to bring some awareness to this.
Today at @EFDevcon we've presented a sustainable solution for @ethereumfndn to never sell $ETH again: fxMINT.
Now we're making them (AND YOU!) an offer they can't refuse.
Borrow against ETH and BTC with ZERO minting fees for the next 7 days.
And as always on fxMINT, there is no interest costs.
Too good to be true? Not for the next 7 days.
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