Let’s talk #defi
At present, the tasks of lending on the chain are almost all over-mortgaged, and the left foot is stepped on the right foot. If ordinary people want to borrow money for a house, they may have to mortgage two houses before they can borrow it. This model makes many loan needs very funny - a person needs money, so he wants to borrow money, but the prerequisite for the loan agreement to lend him money is that he needs to have a large amount of other assets as collateral first, and in Circular borrowing and lending can be done on the chain.
All this stems from the gap in the credit system on the chain. In actual financial activities, credit lending is a very important type of business. The lack of this makes lending in the Crypto field like a premature baby with stunted growth.
