Is THIS the Ultimate tool for PULSECHAIN #PLS? | Liquid Loans
Updated: Dec 13, 2022
Imagine this: Pulsechain goes love and you put $1000 into Pulsechain’s native token, Pulse (PLS), only to see it do a 1,000x. Yes, you now have one million dollars! Feels pretty good, doesn’t it? Now, you probably want to treat yourself with something nice, but the problem is you now must sell some of your beloved PLS to take some profits, even if it’s just a few thousand dollars of your total profits. Those tokens are gone from your bag until you decide to put money back into PLS; Hopefully the price isn’t much higher than when you sold as it may cost you far more to get the same number of tokens you sold.
This is the unfortunate truth about most cryptocurrencies or investments, period. You finally get your sweet, sweet gains only to have to get rid of the very thing that made you the money, which could be worth even more in the future if you hold.
So, what if there were a way to utilize your PLS tokens as collateral to take a stable coin loan with no scheduled repayment terms? What if this protocol, also allowed you to make passive income to earn more of the same stable coin you loaned plus PLS tokens? What if you could build a passive income generating machine that allowed you to never have to sell your original investment?
Introducing Liquid Loans: the first truly decentralized lending protocol built specifically for Pulsechain. It has an algorithmic stable coin, low 110% collateral ratio minimum, no repayment schedule, no admin keys, no governance, and is completely immutable. It solves many issues that most stable coins run into, helps against sell pressure for the PLS token, and adds a way for users to make passive income utilizing two different staking pools. Oh, and depending on where you’re from, taking a loan may not be taxable. Do your own research and find out for yourself because this is not tax or financial advice.