How does Nexo work?

Could you please explain how Nexo operates? I'm quite interested in understanding the mechanisms behind its functionality. Could you elaborate on the technology it utilizes to facilitate crypto lending and borrowing? Also, how does Nexo ensure the safety of its users' funds? Is there a specific process it follows to assess creditworthiness and manage risks? Additionally, what are the benefits and advantages of using Nexo compared to other crypto finance platforms? I'm keen to learn more about its features and how it stands out in the crypto lending space.