Why is there no lending protocol on Hive, the type that userI can borrow against their future rewards. I would love to borrow money to buy a new phone. How does that sound?
Why is there no lending protocol on Hive, the type that userI can borrow against their future rewards. I would love to borrow money to buy a new phone. How does that sound?
Well against future rewards is hard since that is not guaranteed.
However one could be set up against present holdings such as taking a loan against your Leo on LeoDex.
That should be built into the application in my view.
You are right, against future rewards would work. Borrowers could easily default in that case.