RE: How Crypto Loans Could Improve The HIVE ecosystem
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Thanks for the mention.
Taking a loan out used to be a dirty phrase for me having had a student loan in the past but the way it works with crypto is completely different. I like the speed at which a loan can be approved as it is already collateralised from the assets you already have and once you pay the loan back, you get your original asset back which may increase in value.
Like you say, the difference with Hive loans is that you can earn the HBD or HIVE back from a variety of sources which is a unique situation. That and not needing KYC to get the loan, just the collateral and it's got a USP.
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That's what I dig too, no need for background checks and risk assessment because you're overcollaterlaising, the onus is actually on the person to repay or have their funds liquidated and lenders have the security of returns. Naturally, you don't want to liquidate contracts but it's part of the no need for trust verification.
I think people will be keen because many users here actively seek to use their hive to buy goods and services so why pay all those fees to exchange and try and lock in a good sell price when you can just lock and loan
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