Right untill it starts to "overpeg", and you owe $... @officialjustlend

Asked 1087 days ago
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Right untill it starts to "overpeg", and you owe $1.2+ per every USDJ borrowed

asked 1087 days ago

1 Answers

Answer: When you borrow USDJ, you are obligated to pay back the full amount plus interest. The interest rate is typically set at 1.2%, but it can increase if the demand for USDJ exceeds the supply. This is known as 'overpegging', and when it happens, you will owe more than 1.2% in interest for every USDJ borrowed. Therefore, it is important to be aware of the market demand for USDJ and to plan accordingly to avoid any potential overpegging.
answered 1087 days ago
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Yea. That part. Lol
answered 1087 days ago

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