What do you guys think of ethlend, or crypto as collateral in general?

[Tekunda]

Ethlend takes your cryptos as a collateral in a loan. IMHO it is a very good idea not to have to make yourself naked in front of a bank when applying for a loan. Ethlend will just issue a loan in a few seconds with your coins as a collateral.
Lending has always been a big business, so what to you think of ethlend? The price has risen on Binanance, but they are still reasonably cheap. What do more seasoned investors than me think of this coin? 

[KwizatzHaderach]

I think it is a good idea to just have cryptos as collateral. Though, I am having problems thinking of the impact of the volatility on the amount of the loan that can be secured?
Is the loan going to be fiat money?

[monkfishy]

I think it is a good idea to just have cryptos as collateral. Though, I am having problems thinking of the impact of the volatility on the amount of the loan that can be secured?
Is the loan going to be fiat money?

I agree with this. Conventional loans will never be able to use crypto as collateral with the current volatility. However, that might change. It's not obvious there'll be the same variance in 12 months.

Long term it's a possibility, short-term I'd be skeptical.