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Yep, I had some bitcoins to put up as collateral. Didn't want to sell it. Re: regular loan: see, I live in a country other than the US.
by egorfine 4y ago
Yep, I had some bitcoins to put up as collateral. Didn't want to sell it.
Re: regular loan: see, I live in a country other than the US.
- mudrockbestgirl 4y ago"I have assets but I don't want to sell them" is very different from "I need a loan to provide for my family" - the latter is what banks typically provide, U.S. or not, while the former is just a financial instrument to manage exposure. You didn't have hard times, BTC is quite liquid, you just wanted to keep the exposure.
- egorfine 4y ago> banks typically provide, U.S. or not or not. Very much not. So DeFi protocols were my only option. > you just wanted to keep the exposure Correct.