Discussion
Loan rates are still a joke man what exactly is the risk for these lenders when we provide 150%+ collateral?
on debifi fiat loans are as low as 11% and the rate is set by the market.
the main risk would be an event of non repayment or a loan liquidation during which the lender receives back the loan with interest but in btc. if the price keeps dropping and it takes time to convert bitcoin in fiat the lender might loose fiat gains. liquidation agents will mitigate that however
Sounds terrible those poor lenders
That’s just awesome 😎