@TermMax
Decentralized Borrowing vs. Traditional Lending: What's the Difference?
I think the biggest difference between traditional lending and DeFi borrowing is how the process is managed.
With traditional lending a bank or financial institution controls the loan terms. In decentralized finance the process can run through smart contracts with rules that users can see and interact with directly.
This is where @TermMax becomes interesting to me. TermMax focuses on decentralized fixed rate borrowing and lending along with options trading. The fixed rate model gives borrowers and lenders a clearer idea of the rate involved instead of depending entirely on changing market rates.#termMax
For me this makes the comparison easier to understand. Traditional lending depends on financial institutions while decentralized lending puts more of the process into an onchain system.
#TermMax
Decentralized Borrowing vs. Traditional Lending: What's the Difference?
I think the biggest difference between traditional lending and DeFi borrowing is how the process is managed.
With traditional lending a bank or financial institution controls the loan terms. In decentralized finance the process can run through smart contracts with rules that users can see and interact with directly.
This is where @TermMax becomes interesting to me. TermMax focuses on decentralized fixed rate borrowing and lending along with options trading. The fixed rate model gives borrowers and lenders a clearer idea of the rate involved instead of depending entirely on changing market rates.#termMax
For me this makes the comparison easier to understand. Traditional lending depends on financial institutions while decentralized lending puts more of the process into an onchain system.
#TermMax