Cryptocurrency as Collateral (2021 Guide)
Do you have a wallet full of crypto you’re not using? Then no matter how much you believe in cryptocurrency’s potential, you still might be
Crypto Collateral are blockchain tokens, which are used in the Crypto Lending as a security for the lender. The borrower has to lock down his collateral. If the borrower will not pay principal and interest, then the collateral will be liquidated.
Crypto lending market can be segmented into:
Custodial lending solutions like Nexo and Celsius – they are essentially wallets, where the platforms control your assets/your private keys. These keys allow them to access your assets/funds. They are using a wide range of collateral from several blockchains
Non-custodial lending solutions – these are the DeFi solutions. These are Ethereum based solutions, which support only Ethereum based tokens. However, they support only the biggest Ethereum tokens – ca 5 zo 8 of them. The user controls his assets on these platforms, however, there is only a small choice of crypto collateral.
The end-user can decide to use custodial lending solutions, where he cannot control his assets but will have a wide choice of collateral. Or end-user can use a DeFi product, where he controls his assets, but will have a small choice of the crypto collateral.
SmartCredit.io is a hybrid solution between these two segments. SmartCredit.io does not have access to the client assets, but it offers a much higher choice of crypto collateral – ca 50 different crypto collaterals.
Do you have a wallet full of crypto you’re not using? Then no matter how much you believe in cryptocurrency’s potential, you still might be
SmartCredit.io’s vision is to create a self-reinforcing DeFi lending platform. The first version of our non-custodial crypto lending platform available in the Ethereum main-net: https://appv2.smartcredit.io.
How could a borrower have a low collateral ratio? A collateral ratio in size of 300% + is standard for the DeFi borrowing/lending. A high
The focus of this article is the Celsius review. In our previous blog article, we analyzed the crypto lending market. This article here will review
The focus of this article is the Nexo review. In our previous blog article, we analyzed the crypto lending market. This article here will review
Most of crypto lending platforms advertise their interest rates, as the key benefit for the borrowers and lenders on their platforms. But are the interest
DAI interest rate is around 10% in DeFi. Considering the current low yield on most of the investment classes and the upcoming negative interest era,
If you have extra cryptocurrency that you aren’t actively using, then it makes sense to try to turn it into a passive income stream. One