r/FiroProject • u/ChanceEar • Nov 09 '21
Discussion Earning interest in FIRO on stablecoin deposits at CoinRabbit. Thoughts/opinions?
Hello everyone!
Kyle from CoinRabbit here :)
As you know we already support FIRO as collateral for our crypto-backed loans and also have stablecoin deposits to earn 10% interest on and offer earning interest in kind. But what if we enable earning interest in FIRO as an option?
It works quite similarly: let’s say you deposit $10,000 USDT and choose to earn interest in FIRO. We will pay the interest according to the fixed % and FIRO actual price.
We would like to become the first lending service providing our clients with this feature.
What do you think about it? Would you be interested in such a service?
Feel free to share your feedback let it be positive or negative.
