11
An Introduction to Crypto Loans
Savings and loans are the two most common features of traditional banks for everyday life. Savings means lending money to banks and paying lenders the saving interest as an incentive method. On the other hand, people can borrow money from banks after providing collateral so that the borrower has a sufficient budget to make a purchase. For example, a person can offer a property as collateral to apply for a loan to purchase a house. Usually, the borrowed assets come from the savings of the lenders.
Generally speaking, while a crypto loan is a financial service that offers savings and loan features, it can be centralized or decentralized. In this book, a crypto loan is considered a type of DeFi application based ...
Get Building Full Stack DeFi Applications now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
