Quote from: Abrell on Today at 03:30:53 PM

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Paradefis mission is to make DeFi accessible, scalable, and transparent to the global. Integrating with Chainlinks Oracle Solution will bring real-world data on any events happening in the system securely and accurately.

Open Finance movement takes this promise a step further, So it's better for the decentralized finance.

For both lenders and borrowers, the main risk with Compound Finance is the potential for hackers to exploit or hack the smart contracts that make Compound work. By doing so, they could steal crypto locked up in Compounds smart contracts.

As for the lender, even in the worst case scenario where the borrower disappears or defaults, they at least have cryptocurrency as compensation along with the hope that it will be worth even more in the future.

Whether you want to convert your crypto to fiat and lend it out or get a cash loan off the back of your crypto, there are plenty of benefits. While lending platforms may give loans to people with bad credit history, they have to put their crypto up for collateral.