What do you guys think of ethlend, or crypto as collateral in general?

monkfishy

member

Activity: 90

Merit: 10

Quote from: KwizatzHaderach on December 18, 2017, 05:52:19 PM

I think it is a good idea to just have cryptos as collateral. Though, I am having problems thinking of the impact of the volatility on the amount of the loan that can be secured?
Is the loan going to be fiat money?

I agree with this. Conventional loans will never be able to use crypto as collateral with the current volatility. However, that might change. It's not obvious there'll be the same variance in 12 months.

Long term it's a possibility, short-term I'd be skeptical.

KwizatzHaderach

full member

Activity: 196

Merit: 100

I think it is a good idea to just have cryptos as collateral. Though, I am having problems thinking of the impact of the volatility on the amount of the loan that can be secured?
Is the loan going to be fiat money?

Tekunda

member

Activity: 204

Merit: 10

Ethlend takes your cryptos as a collateral in a loan. IMHO it is a very good idea not to have to make yourself naked in front of a bank when applying for a loan. Ethlend will just issue a loan in a few seconds with your coins as a collateral.
Lending has always been a big business, so what to you think of ethlend? The price has risen on Binanance, but they are still reasonably cheap. What do more seasoned investors than me think of this coin?

Topic: What do you guys think of ethlend, or crypto as collateral in general? (Read 104 times)