Is there any borrowing instructions for dummies? How big my crypto wallet has to be for 2000$ stablecoin loan. How big is the raise for that and how fast i should pay it back?
You can get all the information you need here
https://smartcredit.io/knowledgebase/how-to-borrow-ethFrom my knowledge, it depends on your credit score, a good credit score means fewer interest payments and fewer collateral requirements.
Or borrower will stay fully anonymous and he will have more interest payments, more collateral requirements.
From the looks of it, it seems participants are mostly individuals and SMEs, so loans will be small. What if the costs of arbitrage are larger than the costs of letting a loan default?
Not really, I just read this today
https://medium.com/smartcredit-io/smartcredit-io-and-ampnet-announce-a-partnership-2300edb3d35cSmartCredit and AMPNet integration allow using these real asset tokens as collateral for the borrowing.
FYI SmartCredit launch Signature and Avatar campaign on Bitcointalk here
https://bitcointalk.org/index.php?topic=5319146.0