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The problem with Defi is that you can't actually get loans, despite that being the whole purported point. It doesn't replace a mortgage if you need to put down
by lend000 5y ago
The problem with Defi is that you can't actually get loans, despite that being the whole purported point. It doesn't replace a mortgage if you need to put down 125% collateral.
- seibelj 5y agoFrom the saver’s perspective it doesn’t matter - it pays regardless. From the borrower’s perspective it lets you get a loan on crypto without actually selling. It is the same principle as a portfolio line of credit except overcollateralized.
- deleted 5y ago[deleted]