$1.29 1.87%
ADA · 4w

Profit with Loan?

Hello there, Sorry for a Noob question but I have a serious doubt that I wanna get off of me. So, I was wondering if staking would provide me with a "15%" claimed interest rate annually, be able to pay off my loan which goes at 9% charge so i make a 6% profit in the end. Like I was thinking about loaning a huge amount and then stake that amount and pay off my loan. Has anyone tried this? Also, How does one calculate the interest rate for staking? on CoinDCX they are estimating an annual interest rate of 15%, paid monthly. Sorry for my bad English. THANKS!
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