Immutability is the least of DeFi's problems. A DeFi "loan" requires that the borrower must put up an amount equal to the sum of all future installments... whi

Immutability is the least of DeFi's problems. A DeFi "loan" requires that the borrower must put up an amount equal to the sum of all future installments... which means for a borrower to be able to borrow funds they need to already have the funds they're borrowing (plus interest).