Ever heard of crypto loans? They're like borrowing money using your cryptocurrency as collateral. It's a bit under the radar in web3, but big players are onto it.
Basically, crypto loans let you get cash without selling your digital assets. That means you can keep your investments intact and avoid taxes.The cool thing? You can use the borrowed money for anything—investing, bills, or even spreading out your crypto investments. Plus, since the loans are backed by collateral, lenders take less risk, offering better rates.
But how do they compare to DeFi loans? Let's dive in and find out.