I believe one of the biggest opportunities in crypto space nowadaysIs it still an interesting business model to build from scratch today?
would you invest in such a startup if its team is experienced enough?I believe one of the biggest opportunities in crypto space nowadays
nowould you invest in such a startup if its team is experienced enough?
I knw of two such:no
I'd like to become a customer if done properly, and I'm not alone
YesHas anyone had experience with such services?
Is it still an interesting business model to build from scratch today?
yep, I'm aware, I tried to get some feedback on Debifi in August but no luck https://www.offshorecorptalk.com/threads/experience-with-debifi.45844/ - mind you share something?I know o
I knw of two such:
Hodlhodl lend
Debifi
The first one is for smaller amounts and expensive, the second one is more serious and I have / am using it.
can you please share (at least some) parameters of the loan - length, interest rate, LTV, ...I took a loan there not too long ago. Worked smoothly. The tech is solid IMO.
I think their plans were a bit ahead of real life, as usual but it is working. I know they are working on getting more lenders.
My observation is that the market is not very active but seems interest is slowly going down.
cheers,
Could you please elaborate.I think it’s way safer to put wbtc as collateral on aave
I lost interest in debifi when I read of KYC requirements. At that point, better to go with binance or similar.Could you please elaborate.
Where? How?
And why do you think it is safer?
On Debify you have your BTC and the keys.
Wrapping BTC is additional risk. From there on pretty much equal risks, isnt it?
cheers,
Multisig is good! It is like having 3 additional guards to your coins!I lost interest in debifi when I read of KYC requirements. At that point, better to go with binance or similar.
Also I don’t like that multisig stuff.
3 additional potential troubles.Multisig is good! It is like having 3 additional guards to your coins!
cheers,
You give away your coin.
AAVE operates through audited smart contracts, which have been reviewed by trusted crypto security firms and also has proven itself through time . And also you can audit the smart contracts yourself .Could you please elaborate.
Where? How?
And why do you think it is safer?
On Debify you have your BTC and the keys.
Wrapping BTC is additional risk. From there on pretty much equal risks, isnt it?
cheers,
true3 additional potential troubles.
there is hardly a better way aroundAlso I don’t like that multisig stuff.
The code is open source AFAIK.AAVE operates through audited smart contracts, which have been reviewed by trusted crypto security firms and also has proven itself through time . And also you can audit the smart contracts yourself .
Debify, on the other hand, uses a private 3/4 multisig escrow solution where the lender, borrower, and escrow must each sign a transaction. While is very safe when implemented correctly , the system is proprietary, meaning you don't have access to the code or full transparency like you do with AAVE. And also it opens up paths for abuse https://debifi.com/dispute-rules . You are "blindly" trusting Debify that everything is implemented correctly and that they are neutral in dispute resolutions . For me, it creates unnecessary centralization, which contradicts the core principle of crypto for me decentralization.
Can you send me a link , I can only find the mobile app .The code is open source AFAIK.
cheers,