Just read about the project in an article but not much of informations were provided. I would like to know what do you consider as collateral, as it's mentioned " collateral to access loans in fiat currency"?
Thank you for the question.
ETH, BTC for loans in fiat and mining equipment for clients of our partner GigaWatt. Cereal provides loans in fiat that allows our clients to get cash for daily expenses, using their crypto as collateral. At the first stage, there will be only the most reliable cryptoassets, like ETH and BTC, which pose lower risk for creditors.
Best,
Cereal Team.