DeFi has two main components: lending and borrowing. Some people are in it for the passive income that you get from lending, and others may be in it for the benefits you get from borrowing.
I use DeFi on the borrowing side https://rocko.co/, to borrow against my assets and pay down expenses that are on credit cards, or would otherwise be supplemented by credit card use.
DeFi has opened an entirely new avenue in my financial plans and goals that would not be available with traditional banking.
Topic: DeFi and Lending (Read 159 times)
There seem to be a lot of People that don't know how Loans Work, and Bitcoin doesn't have Credit. There are no Credit Checks, there is Bitcointalk.org and the Merit System and there are some kind of Agencies you could go to for Policing, and then there are DeFi Projects.
And, since this Section seems to be Full of People that are Scamming, looking for Loans with something that is not Worth what the Loan is, or having no Collateral, etc. Everyone should look at DeFi Projects, some of them have Bitcoin involved, some of them are Altcoins, the most Popular ones Right now are on Altcoin Blockchains but allow you to invest Bitcoin. And there should be Discussion somewhere about that here, there should be a Website Advertising that you can Stake Your Bitcoins and get a Loan at the same Time, and if there isn't that is something that People that are Looking for Loans and Looking to make Money generally can Start to kind of make a Directory of here. DeFi Projects, Bitcoin Staking, and Loans, that is what DeFi is.
So if anyone Thought DeFi was over, it's not, it just was Very Popular when it was New and it isn't being Talked about so much anymore but it all is Still there and is still being used, the Prices of Everything did Fall, but the Staking Earns Everyone Money like Bank Interest.
The way it Works is you Take a Number of Coins, say you have 100 BTC, you could Stake those, and get a bunch of Other Coins, and Take the BTC back out at the End. But while it was Staked, you could take out Loans in the Other Currencies, and Your BTC is there backing up the Loan, and you Pay it back like a Loan. That's how DeFi Works.
There are Projects are pretty much Every Blockchain.
And, since this Section seems to be Full of People that are Scamming, looking for Loans with something that is not Worth what the Loan is, or having no Collateral, etc. Everyone should look at DeFi Projects, some of them have Bitcoin involved, some of them are Altcoins, the most Popular ones Right now are on Altcoin Blockchains but allow you to invest Bitcoin. And there should be Discussion somewhere about that here, there should be a Website Advertising that you can Stake Your Bitcoins and get a Loan at the same Time, and if there isn't that is something that People that are Looking for Loans and Looking to make Money generally can Start to kind of make a Directory of here. DeFi Projects, Bitcoin Staking, and Loans, that is what DeFi is.
So if anyone Thought DeFi was over, it's not, it just was Very Popular when it was New and it isn't being Talked about so much anymore but it all is Still there and is still being used, the Prices of Everything did Fall, but the Staking Earns Everyone Money like Bank Interest.
The way it Works is you Take a Number of Coins, say you have 100 BTC, you could Stake those, and get a bunch of Other Coins, and Take the BTC back out at the End. But while it was Staked, you could take out Loans in the Other Currencies, and Your BTC is there backing up the Loan, and you Pay it back like a Loan. That's how DeFi Works.
There are Projects are pretty much Every Blockchain.
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