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JonathanBeuys on Nov 16, 2022 | parent | context | favorite | on: Crypto lending platform Salt has halted withdrawal...

Yes, I would file that use case under leverage:

https://news.ycombinator.com/item?id=33620143

If you use your credit to buy USDC or some other asset, in any case, you are taking on more risk.

But I would not say it is not for tax prevention. How do we know for which of the two reasons users use lending platforms?

sshine on Nov 16, 2022 [–]

> I would not say it is not for tax prevention. How do we know for which of the two reasons users use lending platforms?

Debt is a classic way to prevent tax, but that there are also other reasons to take on debt.

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