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Intermediate: LOOPING!!!

Intermediate: LOOPING!!!

LOOPING Liquidation Free!

A way to multiply your earnings without the risk of your stablecoin being liquidated if your collateral price drops.
 
This is the most powerful capability within the BankX system because you can create any amount of passive income you like without worrying about your stablecoin collateral needing to be liquidated if the price drops.  After you are satisfied with the number of times you have looped, you can take your stablecoin and buy back in to your original crypto position or stake for more earnings.
 
You can multiply your returns by using the stablecoin you just minted to buy more collateral to mint more stablecoin (which earns even more interest).
 
Mint XSD  -->  Buy more crypto  -->  Mint more XSD  -->  Earn More Interest.
 
Do this as many times as you like.  With BankX, this process is automated on the website.
 
How to LOOP?
  1. Go to the dashboard.
  2. Click on LOOPING in the menu.
  3. Enter the amount you would like to mint.
  4. Once the process is complete, you will have collateral that you can 'loop' again.  Simply click on Looping again.
  5. Do this as many times as you like.
 
Things that can slow down looping: Gas fees, Price slippage, Not enough liquidity and XSD being off the peg.
 
How does the "liquidation free" capability of looping work?
 
In times of collateral deficit (which is usually caused by a drop in the price of the collateral used to mint XSD),  the system gives incentives in the form of bonus BankX tokens and the XSD stablecoin for you to add collateral to the stablecoin.  Instead of liquidation, we offer incentives to add collateral instead.