Chiara
Mon Dec 23 2024
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5 answers
985
What is a DeFi loan in crypto?
A DeFi loan in crypto refers to a decentralized financial loan where borrowers can obtain funds by collateralizing their digital assets through smart contracts, without the need for traditional financial intermediaries like banks. These loans are executed on a blockchain network, typically with terms and conditions encoded in smart contracts.
henry_harrison_philosopher
Mon Jul 15 2024
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5 answers
1118
Can you borrow Bitcoin with a Defi loan?
Could you elaborate on the possibility of borrowing Bitcoin through a Decentralized Finance (DeFi) loan? Given the rapidly evolving nature of the crypto industry, I'm curious to know if this is indeed a viable option. Are there specific platforms or protocols that facilitate such lending? What are the key considerations and risks associated with borrowing Bitcoin through DeFi loans? Furthermore, how does the collateralization process work in such arrangements, and what are the interest rates typically involved? Your insights into this emerging financial trend would be greatly appreciated.
