The problem with lending via centralized systems is simple.
One needs only to follow some of the pioneers in DeFi lending to understand just how vulnerable it is.
The cost of a loan - Today, the cost of a loan depends on the loan currency.
That doesn't reflect the real risk of the loan, which is the collateral.
How about - higher the risk of insolvency, higher the cost of the loan.
We need to price loans based on collateral risk, not loan currency.
Ex - Loans against DGX < Loans against ETH < Loans against TRX.Loan maintenance - Everywhere else, loans are cyclical.
As a lender, you don't really know how risky your loan is.
You can set a reminder on your calendar to service the loan and quit worrying until then.
How about you leave it to the market instead. Allow anyone to set up a pool and craft loan packages.
The problem with crypto lending, and how to fix it
Publié le Feb 20, 2020
by Cryptoslate | Publié le Coinage
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