You need to buy xano, then, deposit it and then, you can borrow?
And you need to pay fees for the money you borrowed.
With the processes that you need to do here, somewhere you lost already your money.
This is combination of the current trend -lending & masternodes, where only the dev team can really gain from such services.
Think its more like ,
You have money , but not enough money for whatever it is, then you would try for a loan. So you'd use that money as a sort of deposit
Pretty sure even with fees (maybe, we don't know the exact numbers yet) it'll still be better than interest rates/fees from banks, and anyone can be the "bank" and provide loans without having to worry , as they say.
Interesting project, will definitely be keeping an eye on it to see how things go before investing
Okay, let's see where this goes.
And if they will be successful with the chosen platform.
Or just another altcoin that will end up in exchanges?