Is lending the best application for blockchain?

Olatunjex

full member

Activity: 1064

Merit: 102

Quote from: cryptoaddictchie on September 17, 2021, 08:57:50 AM

Yes lending is quite profitable and useful to some users. They can gained profits from borrowed money and induced those interest with another profit. Actually you just rotating the money earned and borrowed to defi circulation. The only thing here that quite scary is theone youll invest with. Chances that you might pick a very stable one and instead of increasing value it go down and lose your borrowed one. But giving the list, Im sure everybody choses those top defi lending products.

What if loaned out? the APY of those top lending products are too low

cryptoaddictchie

legendary

Activity: 2072

Merit: 1315

Yes lending is quite profitable and useful to some users. They can gained profits from borrowed money and induced those interest with another profit. Actually you just rotating the money earned and borrowed to defi circulation. The only thing here that quite scary is theone youll invest with. Chances that you might pick a very stable one and instead of increasing value it go down and lose your borrowed one. But giving the list, Im sure everybody choses those top defi lending products.

Olatunjex

full member

Activity: 1064

Merit: 102

Even though the blockchain is so hot today,

but some people still say that the blockchain is a scam, and all tokens will be worthless in the end.

What I see is that DEFI will become more and more popular, and the number of users of lending will increase.

About DeCredit
DeCredit is a DeFi 2.0 protocol and lending program leveraging credit loan models and powered by a credit oracle, matching various end behaviors on the blockchain. The project’s end goal is to ultimately remove collaterals to revolutionize the lending space via DeFi’s advanced mechanisms, extending liquidity to more organizations and people across the globe to create a more open and accessible digital financial system.

Topic: Is lending the best application for blockchain? (Read 44 times)