Which cryptocurrencies are commonly used as collateral for DeFi mortgages?

3 answers

• Rodriguez McCaffreyApr 23, 2023 · 2 years ago
  Sure! Some of the commonly used cryptocurrencies as collateral for DeFi mortgages include Ethereum (ETH), Bitcoin (BTC), and Binance Coin (BNB). These cryptocurrencies have high liquidity and are widely accepted in the DeFi ecosystem. They provide a secure and decentralized way for borrowers to obtain loans by locking their crypto assets as collateral.
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• JooJun 05, 2023 · 2 years ago
  When it comes to DeFi mortgages, popular cryptocurrencies used as collateral are Ethereum (ETH), Bitcoin (BTC), and Binance Coin (BNB). These cryptocurrencies have established themselves as reliable options due to their market capitalization, liquidity, and acceptance within the DeFi community. By using these cryptocurrencies as collateral, borrowers can access loans while maintaining ownership of their digital assets.
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• SaiMahesh ObillaneniSep 28, 2021 · 4 years ago
  In the world of DeFi mortgages, Ethereum (ETH), Bitcoin (BTC), and Binance Coin (BNB) are often chosen as collateral. These cryptocurrencies have proven themselves to be trustworthy and widely accepted within the DeFi space. By using them as collateral, borrowers can access loans and take advantage of the benefits offered by decentralized finance platforms.
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