The DeFi space is maturing rapidly, with many innovative tools being developed to bring financial services to the crypto world. However, there is still plenty of work to be done if DeFi is to fulfill its vast potential. Sponsored content by merofinance:
: DeFi is growing up through the creation of financial tools uniquely designed for a decentralized world.
This mechanism creates big problems for borrowers in the crypto space, because values of the digital assets used as collateral tend to be volatile. If you have secured a loan of a particular token using – say, bitcoin – and the value of bitcoin falls drastically, you might find that the collateral you put up no longer satisfies the agreed loan to value ratio. If you don’t react in time by increasing your collateral, the liquidator will have the right to seize a portion of your collateral.
The 24/7 non-stop nature of the crypto market can be both a feature and a bug for users. Since the market is always open, users need to monitor their positions at all times. This is especially true when it comes to borrowing in DeFi.
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