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
I mean, it serves a purpose. What else is there to say about it?
Most loans are going to be collateralised and for a reason. In the cryptospace it is very difficult to make sure that people without collateral pay you back; which means that it is completely unfeasible for any borrower who is just looking for short term relief in their living expenses to get a no-collat loan.
Binance/crypto.com also have pretty high interest rates compared to traditional loans so that's also something to consider. But perhaps, it is worth it.