💹Advantages DecentraCredit over existing lending platforms
Last updated
Last updated
DecentraCredit's design enables it to remain safe from those spiral death-traps which killed projects like Celcius.
If you have read the previous two sections, we don't need to elaborate on the advantages of DecentraCredit over the existing system! It is so evident. Let us still elaborate.
Scour through all the loan providers and check their individual offers. Check what they have to offer, what collateral they accept, what is the liquidation ratio they agree to, what is the interest rate they offer, what is their fund size (i.e. how much funds they have available for the loan) and choose the one you are most comfortable with. Sort them according to any of those criteria and filter results to fine-tune your search for the perfect lender. None of these is available in the existing system.
Lenders right now have to agree to the “Supply APR” for their assets and do nothing much about it. Here, at DecentraCredit, Lenders are free to mention their own “Supply APR” which is just another fancy term for interest rate. They can mention what currencies they offer, what are the assets they accept as collateral and at what price point he will want the assets to auto-liquidate to cover the debt. In short, he alone decides how his funds should work. Decentra Credit allows the maximum freedom to the lenders.
