Crypto Lending: The Latest Trend In Decentralized Finance
- However, crypto lending takes many different forms, and not all of them are familiar.
- SALT operates much like a traditional loan service―apart from the fact that it accepts cryptocurrency as collateral, that is.
- In order to comply with financial regulations, it must hold your cryptocurrency and verify your identity.
- For example, SALT offers bank account integration and collateral insurance―two things that decentralized, unregulated services can rarely provide.
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