Sure DeFi is cool but it offers us the same bad tricks as banks do, that was my point, ie over collateralise, take much more money out of the system than we provide as collateral. That point is not so good IMHO {LOL}
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RE: Getting A 0% Interest, Self-Paying Loan Using Crypto!
Yes some places are better than others for sure! Things move so fast too, like Venus protocol on BSC the liquidation rate is really high, & their stable coin is anything BUT stable! Seems like ancient tech now even though it's about a year old lol. Flash forward to Qi Dao on Fantom chain & there's a much better user experience all-round. Trouble is there's nobody to call if it all goes wrong in DeFi.. It's a trade off I suppose, and as you say, you need to have the asset first to be able to draw from it.
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