When I needed a loan for the car three years ago my bank said that my credit score is too low and declined my application. As well as for the line of credit. A private company gave me a 30% interest. After I repaid my loan they keep sending me offers for a new loan with great interest because I'm a good customer. 22%.
I'm using Nexo now.
Should I tell them that now I'm on Leofinance and I don't need any loans. Ever, hehe.
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Nexo looks interesting. What's the advantage to that over MakerDAO or similar?
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It's centralized and regulated. Funds are insured. You can increase interest by 2% by stacking their token. You can connect with your bank account and deposit fiat as well. Get 5% on fiat holdings. High collateral for stable coins and fiat. I would say that it's a bank and exchange at the same time. Registered in Switzerland.
I can see it as a perfect fit for today's crypto guy like me. It's here and it's working and improving. No pie in the sky.
But what do I know? I'm just an oldtimer on the blockchain.
Not your cup of tea as far as I see from your posts but you should check this out.
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