crypto

Cast 7 : 

lending and borrowing

In crypto, like all financial markets, you can both lend and borrow, with a very big difference

Without needing to trust other people and through smart contract 👇

Good situation: the price of ether is 1800 dollars, you sell 10 of your ethereum

10 x 1800 = 18000

Now we are going to pay the debt and interest, the percentage of which is specific, and I calculated 2% here

10000+2%=10200
18000-10200=7800$

I paid my debt, I made a profit of 7800 dollars, and I got 20 Ether back