1/ Let's talk about asset-backed vs. unsecured loans. An asset-backed loan is a loan supported by specific real-world assets.
08 Dec 2022, 19:55
1/ Let's talk about asset-backed vs. unsecured loans 🏡
An asset-backed loan is a loan supported by specific real-world assets.
Unsecured loans have no collateral. The interest rate is usually higher to account for this extra risk.
Loans on Centrifuge are asset-backed!