Why didn't you just pay off the loan if you had more than enough collateral already to get a >100% collateralized loan?
What happened is that you used DeFi to leverage your financial position, not pay off debts.
Don't lie to people.
What happened is that you used DeFi to leverage your financial position, not pay off debts.
Don't lie to people.
https://news.ycombinator.com/item?id=27845492
And I'm not increasing my overall debt position on my personal balance sheet. Rather, I shifted the debt from student loans at ~5.5% to a DeFi protocol where the borrow rate is effectively negative.