Crypto industry is blooming regardless of how the price crash and this is a positive sign imo
The first crypto lending platform i actually know is SALT, but i am not sure what happen to them as i seen people said they fail (Their business still operates currently)[/quote]
I am not against lending platforms but the fact is that most of the lending platforms I have seen till date have turned out to be scam at some point of time.
The great example is bitconnect. I had invested in it too but all of it went to drain.
Then we have ETHlend (Smart contract lending)
Didn't it turn out to be a scam too ?
Then follow by NEXO which is currently the most fmaous platform for crypto lending, crypto cash instant line and etc (Amazing product)
Do you guys think NEXO can be the pioneer of lending in the crypto industry?
I thought something similar of bitconnect but you know where it stands today. NEXO might end up being the same thing as well.
They even have a 6.5% Interest stablecoin lending program which is RISK free
Dude, Crypto is "Never" risk free.