You have to have 10k lba in your account at time of your first loan in order to receive max interest rate. At the tine of your loan they will take your 10k lba tokens and whatever asset you pledged. They hold on to the 10,000 lba tokens until you request them back.
Once you pledge that 10,000 lba coins, you can open as many loans as you want and get the max rate of interest. Even I was confused at first and thought we had to have 10k lba for each xrp loan. In fact after I explained the confusion, they rewrote the policy and allowed me to reverse the transaction because I didn’t want anymore lba than what was needed.
It is new addition to get 10% interest on your lba if you want to pledge that. You can pledge any amount to participate in that loan. Personally i would rather just buy more xrp and pledge 9% interest. It is 1% less but xrp has better chance to go up in value in my opinion.
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