I have heard about this option since a long time ago on big names, such as Binance or Crypto.com, haven't needed them at the time, but, now looking at some possible loans, I encountered smaller projects that will offer the same service, but, better benefits, like Proteus Finance and was wondering if you have any other reliable crypto loan options that have used in the past
It's better to take loan to a reputable crypto if you want to. The collateral might even be bigger but that's part of the business and if you want to have something better and lower interest then have someone personally to take that loan in crypto and have an agreement on how much you're going to pay and its terms as well. Personally, I don't want to take a loan or have my cryptos into collateral but I know that there are people that have this strategy so that they can't spend their crypto if ever they need money.