How is this project going to reduce the risk for the lender, for example, I want to be one, how can I be sure of this project?
this is a good question. I would like to add few things in it.
so if someone borrow 1 BTC worth of USDT and Give 1 BTC as collateral. and then BTC price drop in market and the USDT he got are higher then the BTC value and he have no motivation to repay the USDT and take the his BTC which he have put as collateral.
then how do you protect lenders from such kind of loan defaulting incidents?
because I think this gonna happen a lot coz of so many scams.