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?
I just have a question for you Sir, are you planning to borrow here in cryptocurrency? Or maybe you're looking for someone to borrow cryptocurrency or Bitcoin? As far as I know, there are other members here in this forum who lend crypto to anyone as long as the lender enters what they are looking for in the borrower. Because I know a few names that already lend crypto to it.
Now if you are planning to loan in the exchange, I could say there is a high risk and high requirements also for the community
who wants to loan, and that's a hard to trust there is a 50/50 chances I guess if you do it.