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DeFi loans are typically very over-collaterized. Due to this, they represent way less of a risk to the economy than traditional credit.
by leppr 7y ago
DeFi loans are typically very over-collaterized. Due to this, they represent way less of a risk to the economy than traditional credit.
- ppf 7y agoHow much collateral do you need for an asset that is as volatile as a cryptocurrency?
- xur17 7y agoI believe makerdao sets it at 150%. If it ever drops under that amount they auction off the underlying asset on the the open market.
- xur17 7y agoI've looked into using these a few times, and I'm honestly more worried about smart contract bugs.