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RE: First SteemFund Loan - ACTIVE
I'm new to steemit so please forgive my ignorance in advance- so would a borrower perhaps be willing to pay that 20% because as a very proactive content creator and curator that they expect exponential growth leveraging that powered Steem making a 20% interest rate relatively insignificant when compared to their anticipated overall gain in Steem?
And if that's the case would a 20% interest rate be appealing to a Steemer that has extra Steem to spare but isn't necessarily creating content and curating as often as the borrower might?
Just generally trying too figure the advantages to lender and borrower in such an arrangement- thanks for any insight you may provide.
Hey, thanks for your comment and welcome to steemit.
Yes, both cases could be true.
The borrower could also need money for activities outside steemit, like paying debts or remodeling a house, etc.
The investors would want in because they will be getting a sure gain without much effort.