Lending is a financial service and undeniably useful. In fact, chances are high that you've used loans in some form yourself already. Overcollateralized means t

Lending is a financial service and undeniably useful. In fact, chances are high that you've used loans in some form yourself already. Overcollateralized means that the value of the collateral is greater than the loan value, as is common for eg mortgages in 'traditional' finance. I don't have usage statistics, but they're definitely not insignificant.