Cryptocurrency Q&A
What is a collateral in DeFi?
What is a collateral in DeFi?
GangnamGlitzGlamourGloryDays
Sun Nov 10 2024
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6 answers
1022
I'm exploring DeFi and came across the term 'collateral'. I'm curious to understand what collateral means in the context of DeFi and how it functions within this domain.
6 answers
Caterina
Mon Nov 11 2024
In DeFi, the elimination of these middlemen is a key feature.
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Michele
Mon Nov 11 2024
Instead, DeFi operates on decentralized platforms that are grounded in blockchain technology.
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JejuSunshineSoulMateWarmth
Mon Nov 11 2024
Crypto borrowing within the realm of DeFi offers an innovative way for users to secure loans.
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CryptoAlly
Mon Nov 11 2024
By leveraging their digital assets as collateral, individuals can obtain financing in the form of cryptocurrency or stablecoins.
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Lorenzo
Mon Nov 11 2024
These platforms facilitate peer-to-peer transactions, enhancing efficiency and reducing costs.
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