A Look at Under-Collateralized Lending Protocols
Quick Take
- The borrowing and lending space in DeFi has been dominated by over-collateralized lending, but under-collateralized lending has been gaining traction over the past year.
- Maple Finance and TrueFi are currently the largest protocols in the space in terms of lender deposits and loans originated.
- Various protocols are being built to set the foundations of how under-collateralized loans are executed so that the sector can continue to expand from a position of strength.
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Author: Alex Ho