The other day Aave CEO Stani Kulechov revealed that people are taking out loans through Aave to help them achieve major life goals such as buying homes, cars and paying for college.
This represents a big step forward for crypto’s use in “real world” situations and contradicts the widely held belief that crypto lending is only for yield hunting & leveraged trading activities.
As Aave's TVL <1% of crypto’s total market cap, I assume most people here haven't done this already. But would any of you want to? What sort of things would you use it for?
If anyone has taken a crypto loan to afford a big life goal, or as a replacement for TradFi loan, how did it go and would you recommend it?
EDIT: to clarify I believe people are borrowing stablecoins for this rather than appreciating/volatile coins.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments