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1confirmation founder: Crypto lending is about to be adopted by the mainstream
05-20 16:03

Odaily News Nick Tomaino, founder of 1confirmation, said in a post on the X platform that crypto lending is about to be adopted by the mainstream. Currently, it is possible to use BTC to get a loan in the market, just like you can get a mortgage with a house, but the user experience of non-custodial crypto lending has always been an obstacle for many people. Centralized services like BlockFi also provide this service, but it is not transparent enough and the risk is too high, which ultimately leads to failure. However, Coinbase now provides on-chain loans in custodial wallets through Morpho. Users will get a good user experience as well as the transparency and liquidity of on-chain products, which is a disruptive change.

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