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Wait, are you comparing a personal loan backed by an asset versus an unsecured personal loan from a bank? That seems pretty apples and oranges to me. I think th
by wpietri 5y ago
Wait, are you comparing a personal loan backed by an asset versus an unsecured personal loan from a bank? That seems pretty apples and oranges to me. I think the right comparison would be a broker letting you borrow money against stock, something they do all the time.
- darkteflon 5y agoCheaply, too - some brokers are offering in the mid 1% for USD. I don’t know what defi collateral requirements and rates are like at the moment, but I suspect much more onerous and higher.