Why do people borrow Bitcoin?
I am curious to understand the reasons why individuals might choose to borrow Bitcoin. Is it for investment purposes, to cover short-term financial needs, or are there other motivations behind this practice?
Which DeFi platform is known for decentralized lending and borrowing?
I'm interested in finding out which DeFi platform stands out for its decentralized lending and borrowing capabilities. I want to understand which platform is recognized for facilitating these financial transactions in a decentralized manner.
What is DeFi borrowing?
I'm interested in understanding DeFi borrowing. Could you explain what it is and how it works in the context of decentralized finance?
What is the actual cost of borrowing?
Could you elaborate on the true cost of borrowing in the world of finance, specifically when it comes to factors that might not be immediately apparent to the borrower? Are there any hidden fees or interest rates that can significantly impact the overall cost? How does one go about calculating the actual cost of borrowing to ensure they make an informed decision?