Sounds great, but most of the offers deal in crypto that you still have to sell on an exchange. Why would I want L-BTC, tether or worse? Am I missing something?
Exchanging stables for fiat doesn't create a sell pressure on BTC.
There are few reasons why borrowers choose to borrow with Debifi:
1) Have liquidity without losing the upside potential of bitcoin price.
2) Depending on the jurisdiction some people don't need to pay capital gain tax when taking a loan against their btc.
3) Some users want to use the loan to buy more bitcoin.
4) Better rates if the credit score is bad.
5) Unbanked population can get access to loans.
There are few reasons why borrowers choose to borrow with Debifi:
1) Have liquidity without losing the upside potential of bitcoin price.
2) Depending on the jurisdiction some people don't need to pay capital gain tax when taking a loan against their btc.
3) Some users want to use the loan to buy more bitcoin.
4) Better rates if the credit score is bad.
5) Unbanked population can get access to loans.