Lyster
๐ค SpeakerAppearances Over Time
Podcast Appearances
They now track all balances subject to that hold.
So if you deposit Fiat, it's not going to go up and down, right?
It's, it's 200 bucks, 200 bucks is 200 bucks.
You then trans, you didn't do a transaction.
You buy some USDT.
So they're going to take fees and let's say you're left with one 99 USDT.
okay that usdt is still subject to a hold makes sense they tell you that part now let's say you take the usdt you buy it to some project and it craps right and so now it's down to 10 bucks from their perspective from a balanced perspective you are now in the hole if it went down to ten dollars which is extreme but i'm just giving you some visuals so you can kind of picture it you're now in the hole 189 dollars you're in the hole
If you put your BDAG in there, and let's say your BDAG, like right now, a realistic number, depending for most people, let's say it's $100, you would not be able to withdraw that BDAG.
You can't withdraw it back out.
So once it's in there, you can't withdraw it back out because now what it's doing is it's trying to contribute to your balance.
So it would offset your negative.
The only time you would be able to withdraw then
Outside of the hold.
So we're talking separate from the hold.
I'll get back to the hold.
I'm talking outside of the hold is that BDAG would have to go to profit to where now you're above the balance and then you can cash out that overage.
They're basically saying, if you give us $200 worth of money, your balance, account balance, has to stay that $200, however the balance got there, whether it's fiat, whether it's crypto.
That is not documented on their site, but that's how they do it.
If your crypto goes to profit, you can take the profit excess.
They'll let you withdraw that all day long.