Guess the people would like to know where the interest will be paid from and why your model is secure ;-) Why should anybody send you sbd without knowing what is going on?
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Guess the people would like to know where the interest will be paid from and why your model is secure ;-) Why should anybody send you sbd without knowing what is going on?
See my edit above. The loans we make are secured as the borrower has to put down sufficient collateral. Borrowers also remain liable in the unlikely event of default.
Ok I will keep an eye on that. Sounds interesting. Are you lending money or sbd to the borrowers?
USD - terms are generally very short term: 1-48 hours. We do face exchange risk if SBD appreciates above a dollar again, but we should be able to handle it.
Thanks for explanation.
Not a problem, feel free to reach out on discord if you have any more questions :)