Interesting concept. It shows that loans can be given also outside the banks, even if the rate is a killer. :)
Here the crypto needs to mature to have decent interests, for the one borrowing I mean, that cover the fees and help launch the project needed.
Just one thing, there is a risk, especially on Hive that it can have an increase of 4x-5x in the next months, which can bring this project on the edge. There have been different bank models in the pre-hive era, one successful was the one of neoxian, who made good deals and one disaster was the one of zeartul that got hit by the same issue I mention here, the increase of the token. :)
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Hive is just the medium exchange here. Everything is denominated in USD.
You lend 1 USD, and you get 15% interest in USD.
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This is much safer. The interest is a killer, but it is very appealing in a negative interest market. Every investor would love to have a ROI if 15%/yearly.
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