How to Get a Stablecoin Loan: A Beginners Guide | HackerNoon

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How to Get a Stablecoin Loan: A Beginners Guide | HackerNoon
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'How to Get a Stablecoin Loan: A Beginners Guide' defisolutions defitopstory

Interest rates and LVR are quite self-explanatory. However, the blockchain assortment and lending duration are less so for inexperienced players.

Security pertains to the architecture of a smart contract and the level of protection of the money locked in it. To take out a loan, the user needs to lock their desired amount of tokens on the platform. In exchange for them, the platform will give the borrower a certain amount of non-transferrable tokens that will reflect the value of their collateral.

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