Centralized Crypto Lending Platforms

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Re: Centralized Crypto Lending Platforms

Post by ianmugoya on Sat May 08, 2021 4:24 pm
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The idea behind crypto lending is that any crypto lender can provide loans to desired crypto recipients. And how does the platform do it? Two options: cryptocurrency and collateral. The part about cryptocurrencies that we discussed earlier because these are assets that we borrow and pay back. However, lending to transnational borrowers who may be in the UK, Denmark, USA, Argentina or China is a challenge. The only way to protect lenders from various economic and credit systems is through collateral.

Every loan on a crypto lending platform is over-indebted. This means that for every $ 100 you need to deposit and provide a guarantee of $ 120, $ 150, or even $ 200 for the platform. Why would someone take that kind of money?
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Re: Centralized Crypto Lending Platforms

Post by CynthiaSHerman on Thu Jun 10, 2021 2:01 pm
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