I Borrowed $2,500 Against My ICP to Buy 1,000 More

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Издатель Aug 28, 2026

I supplied $7,900 of ICP as collateral, borrowed $2,500 in ckUSDC against it, bought 1,000 more ICP with the loan, and crossed 10,000 ICP for the first time — and I'll walk you through the whole leveraged position and what happens to it if the price runs or dumps. Talk ICP with me, shop, and join the community at https://jerrybanfield.com

This is the first time I have ever put myself in a leveraged position, and the reason is that I think ICP is absurdly cheap right now relative to what is being built on it. I took the ckUSDC out of Liquidium, swapped it on ICPSwap, bought the ICP, and then supplied that new ICP back in as extra collateral so a sudden dump and recovery does not wipe me out. The loan only costs about 3% APR, which is nothing compared to the credit card cash advances I have been living on while my business income ramps up. I also hold about 4,000 ICP worth locked indefinitely in a neuron earning around 8%, plus 3,400 locked on a shorter timer, and I deliberately did NOT take the extra $1,400 I could borrow, because maximum leverage is not the play I want today. The strangest part of the math is the downside: if ICP somehow fell to a dollar I would lose the collateral but I would not have to repay the loan, and I could rebuy most of that ICP with the borrowed money. If the price drops below $2 I will buy more, and if my business keeps producing I will just buy with cash. Bobby O calls it the thesis, and to me the thesis that this is the future of the internet has never been stronger. None of this is financial advice — it is what I did with my own money.

0:00 I bought 1,000 more ICP with borrowed ckUSDC
0:33 The step-by-step tutorial in my Skool community
1:01 Why the UN, Pakistan, and Switzerland make the ICP narrative stronger
1:32 Crossing 10,000 ICP and owning one 55,000th of the supply
2:42 How I did it with the OISY wallet and Liquidium
3:35 My liquidation price and why I added the new ICP as collateral
4:36 What this position does if ICP 10x's to $20
5:36 The $400 day that funds the next ICP buy

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Sincerely,
Jerry Banfield

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