Dec 11, 2020
Earn competitive returns by launching a blockchain loan platform
A blockchain loan platform will have a simple process to avail credit, institutional-grade security measures will be present, a variety of loan products will be available, and over-collateralization ensures the full repayment of credit on time.
The functional structure comprises a lender depositing fiat funds or stablecoins on the platform, a borrower will apply for a loan, he will commit himself to pay interest on time, if he fails to pay the loan on time, the crypto collateral will act as a cover, and once the entire loan has been paid off, the lender receives all his funds along with the interest income, and the crypto assets will be returned to the borrower.