3 ms·
Borrowing money in exchange for a promise to pay it back isn't really a thing in defi (and I'm not sure it ever could be?) All DeFi i'm aware of is based on bor
by idiotsecant 5y ago
Borrowing money in exchange for a promise to pay it back isn't really a thing in defi (and I'm not sure it ever could be?) All DeFi i'm aware of is based on borrowing less than the value of some asset you stake to assure your repayment. It's definitely a different thing than most people think of when they think 'loan'