RE: How Crypto Lending Platforms Are Encouraging Short Markets
You are viewing a single comment's thread:
The only issue I have with this lending is that if it spiral out of controll goverments will probably have to start regulate and that will affect all crypto. Hope it doesn't come to that
Posted Using LeoFinance Beta
0
0
0.000
How do you see it getting out of hand? In crypto lending at the moment, you have to be over collateralised, so if you don't pay your loan your collateral is liquidated so there's no real risk of systemic default
I'm thinking it's ways to get around that, but you might be right. This will probably enable alot more people in the world the chance to get a loan
Posted Using LeoFinance Beta
If they do fractional reserve loans in crypto I would stay away from those kinds of products, they don't make sense in an asset based world