05-31-2020, 02:38 AM
Who borrows less money than they have on DEFIs?
<!-- SC_OFF --><div class="md"><p>The use case of DEFIs now is lenders and borrowers.</p> <p>But in order to borrow $75 (in any coin) you have to deposit $100 as a collateral.</p> <p>That doesn't make sense. I already have $100. Why would I give them away to borrow less?</p> <p>In the real world you collateralize a non liquid asset to get liquid. But who the hell collateralizes liquid to borrow less liquid??</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>The use case of DEFIs now is lenders and borrowers.</p> <p>But in order to borrow $75 (in any coin) you have to deposit $100 as a collateral.</p> <p>That doesn't make sense. I already have $100. Why would I give them away to borrow less?</p> <p>In the real world you collateralize a non liquid asset to get liquid. But who the hell collateralizes liquid to borrow less liquid??</p> </div><!-- SC_ON --> Kind Regards R