Is this stuff working on Polo? I mean you can safely invest you money in lending? What happens if somebody defaults a loan? Is there a required collateral ammount in other cryptos?
That is what everyone is discussing about, many people still not aware of how lending works in Polo. What I understand is after lending there is no guarantee whether he will pay or not. I think when compared trading, lending has higher risk involved in it.
Sorry if I wrong, lend in poloniex is different lend your money to someone in real life, when you lend your money in Poloniex you don not worry about people will pay or not, you will get pay and profit but the concern in Poloniex lend is profit you got is small, you need huge amount if want to get big profit from Poloniex lending service.
plus there is a minimum collateral needed in altcoins afaik.