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RE: ETH Lend

in #money6 years ago

"If you give out a loan in $ with the price fe of 1000$ per ETH for 180 days and ETH rises compared in $ you will not give 1 ETH back but the amount you loaned + the interest of course."

Let me get this straight; if a borrower borrows 1 ether when ether is $1000 for three months. After three months, if ether has risen to $1500, the borrower can pay back $1000 (not 1 ether) plus interest and keep the remaining money left?

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yes he does not have to pay back 1 Either then just the dollar amount if it is a dollar pledged loan

Thanks for the info

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