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?
instead of loaning directly to company , why not offer your crypto to individual here in forum as long as there are collateral? and you must be having a knowledge how to assess the value and future of the collateral coins.
in this you'll be safe in your funds and also will be in safe hands from scammers.
there are several loan provider here that become a victim of scammer but they trust too much so the end they become a victim.
Taking a collateral is indeed a good option but kindly make sure you choose what collateral is good and always require that the collateral given is more higher than the amount loaned by the borrower so that he can assure that he will pay back nor can recover as well earn once the borrower defaulted from his loan taken.
Although even though we have collateral we are still at risk on any possible scenario that might come especially if the price of the token or coin they provide as collateral dump or the digital items have demand so that we can easily sell it.