So I noticed something
When I take out a loan, my interest rate drops down to 8% on my stablecoins. I noticed it's always moving huge amounts of Nexo to the credit line wallet compared to other coins.
Trying to make this next part easy to understand with an example.
Step 1. Check my Nexo Token Credit Wallet, it's at $1000
Step 2. Move 1000 of TUSD to the Credit Wallet
Step 3. Move the 1000 nexo back into Savings Wallet
Result = Interest rate jumps back up to 10%.
Am I missing something here?
Trying to figure out if I would be charged the higher interest rate on the loan after doing this.
Or could the default collateral transactions that occurs after a loan be a way for Nexo to save on interest payments?