I notice that interest rates are realistic and high compared to the artificially low or even zero interest loans being offered by banks.
How does DiFi compete in these circumstances?
I notice that interest rates are realistic and high compared to the artificially low or even zero interest loans being offered by banks.
How does DiFi compete in these circumstances?
the interest rates changes based on the supply and demand, as and when more ppl want to take loans in DAI and less supply the interest goes up to incentify more people to lend out dai. this is from what I understand. I'm currently in the "supply" market and these rates are pretty lucrative at the moment for me
you could check this out for some info as well https://defirate.com/dai/