Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to borrow lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?
As long as I know the borrowers and confident on him, yes, I would go ahead and lend. None has asked me so, however I have not tried for it so. But yes, need to be very careful when lending. We have very many good people around. Better, have a escrow in between and make sure to get guaranteed by any means. Have a slight research on, if the borrower has enough resource to earn that money and give that back to you.