Use Case Example
Alice wants to acquire 10 ETH, currently priced at $2,000 each:
In traditional DeFi, she might need $30,000 worth of collateral for a $20,000 loan.
With MortgageFi, she could potentially borrow 10 ETH with just $400 (2% of $20,000) as collateral.
She makes fixed USD repayments over her chosen term, eventually owning 10 ETH outright.
Understanding under-collateralized loans is crucial for users to fully leverage MortgageFi's unique offerings. This innovative approach to lending in the DeFi space opens up new possibilities for long-term crypto investment strategies and increased capital efficiency.
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