Ninjastic
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Board Tokens (Altcoins)
Re: [ANN][IDO] DECENTRALIZED LENDING, GOVERNANCE, AND FIAT LIQUIDITY DAPP
by
rossler
on 07/09/2020, 20:07:32 UTC
Quote from: Derwin2 on August 30, 2020, 11:58:23 AM
Quote from: Chappas on August 30, 2020, 08:45:04 AM
Quote from: Hoesis.USA on August 29, 2020, 02:06:10 AM
Quote from: putudavid on August 24, 2020, 05:36:08 PM
the biggest risks of DeFi applications is,The smart contracts could be hacked.There could be a backdoor that allows someone to steal all of  keys. What is the backup plan for this you have.Because we have to trust this and we need reason for that.
The use of peer-to-peer intermediaries allows to circumvent limitations inherent to DeFi, where the protocol cannot recover a borrower’s loan outside of the blockchain.

As they said "The smart contract will source exchange data from Chainlink price oracles that allow users to liquid their crypto assets to their preferred fiat"It's not bad thing
Also, DeFi lending allows traders or investors to deposit Crypto for fiat to fulfil other needs without selling off. For instance, a business that holds crypto assets and won’t want to sell to execute a project could simply approach a DeFi lending platform to deposit Crypto for fiat to execute the project.