What are the challenges on the cryptolending market? There are some other companies that provides a loan based on assets too.
On the forum I faced a couple of similar projects. But it similar only on the first sight.
For instance - SALTlending and Unchained Capital works of the same basis but i think Cereal has some more advantages or else making a new project makes no sense at all. Centralized loans secured by cryptoassets. This loan type is similar to the model of lending to institutional financial companies, companies with this model earn on interest rates from the loan.
But the main difference of Cereal is: - they intend to give loans for your miners as collateral. What are the challenges on the cryptolending market? There are some other companies that provides a loan based on assets too.
Read WP - they described a lot in the document.
If i am right at the moment, there are services offering an opportunity to obtain a loan in fiat in the equivalent of up to 50% of the market value of its cryptoasset. The main advantage of this type of deposit lending for the borrower is the possibility of obtaining fiat and the retention of investment position.