RE: Convert STEEM Into ETH and BAT and Then To HIVE and Earn Curation Rewards
(Edited)
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Woah, nice idea :) Buut...
If I want to go reverse and get the ETH back, I need to sell Hive to get DAI to get ETH.
What if Hive price drops? I need to use additional funds to buy back the DAI right?
Still, having Hive and ETH kinda at the same time is cool :)
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If crypto prices go down its not good :)
That is why I say min 300% collateral .... the liquidation price for ETH with this is around 120$.
Having a high collateral 400%? :) or some stable coin on a side to increase the collateral is the safe option.