Before people dive in with low interest loans a word of cau…
Before people dive in with low interest loans a word of caution.
The lowest interest loans are redeemed to maintain the MUSD peg, there appear to be some actors who set large low interest loans, wait for the BCH price to drop, increase the interest on their loans and then redeem other users loans.
This has happened several times often associated with users ability to change the interest rate on their loans to avoid redemption and website loading issues.
The concept of a low interest, low loan to value loan is great but being unable to change a loan, repay a loan or add collateral when the user needs to is bad, bordering on criminal imo
So not recommended but it's something that could be great, in time