Undercollateralized vs. Collateralized Loans in DeFi

The debate on undercollateralized vs. collateralized loans continues as investors look for the best ways to make money in cryptocurrency. Decentralized Finance (DeFi) has taken the crypto industry by storm in 2020. Since then, the sector has spurred numerous lending tools that blew the doors wide open to cryptocurrencies for everyone. Suddenly, newbie and expert investors could access crypto funds with minimum investment. Today, loans in DeFi are accessible to anyone willing to borrow or lend. They only need to…

A Guide to Collateralized Loans in DeFi

Hodling is the favorite sport of long-term crypto investors. However, keeping your assets in a crypto wallet for years can have negative consequences. Firstly, unless their value increases, you do not accrue any profits. Secondly, it limits market liquidity and, therefore, hinders its growth. Fortunately, you can help solve both problems with collateralized loans. This short guide to crypto lending discusses how collateralized loans work in decentralized finance. Read on to discover how to use this DeFi tool in your…

A Guide to Undercollateralized Loans in DeFi

The DeFi space releases innovative financial tools almost every month. The latest one on this list should enable users to loan assets with lower value collateral. Through undercollateralized loans, borrowers would access funds way above their holdings. Also, lenders would earn interest, and lending protocols would surpass traditional banks in approachable crediting services. As you can see, this feature should keep everyone happy. It all sounds just too good to be true. After all, under collateralization should be the next…

Bitrue Expands Its Suite of Financial Offerings with Improved Crypto Lending Service

Leading financial services platform Bitrue has lowered the interest rate on their loan service to 5.84% This announcement is in line with Bitrue's mission to level the financial playing field by offering liquidity and improved rates on crypto loans The company is committed to function as a one-stop platform for crypto services On June 2, 2020, Singapore-based exchange Bitrue announced the launch of its latest crypto lending service that allows users to pledge their cryptocoins to receive loans in BTC,…

Grow Your BCH and Other Cryptocurrencies Using Bitrue’s Loans and Power Piggy Products

Bitrue extended its support to Bitcoin Cash (BCH) on its Loans and Power Piggy program, starting from April 3 2020. Bitrue is an advanced cryptocurrency exchange that also offers loans and staking services. Users can pledge one coin for another as a loan while maintaining rights to the pledged coins. Using the smart loans, not only can you pledge your coins to borrow BCH, but you can also get unlimited- time frame loans on five other coins, BTC, USDT, XRP,…

Nexo Review – The World’s First Instant Crypto Credit Lines

Even with all the crypto world advancements, there haven’t been many significant crypto credit facilities. However, if we are going to advocate for the mass adoption of credit facilities, we need to ensure that we have similar services as the traditional financial system provides, only with some advantages.  Fortunately, Nexo, a leading FinTech group, has taken upon itself to provide the world’s first instant crypto-backed loans. Thanks to this platform, anyone who has some crypto assets benefits from it without…