Can you please explain what does happen.
As I think it’s important for people to be aware they are actually giving up custody. I don’t think that is very clear to the uninitiated.
of course we know we are giving up custody to take a loan. we aren’t that retarded.
but where and how the collateral is held is an important risk factor. and without the verifying status of funds on chain, it’s a trust me bro situation
but where and how the collateral is held is an important risk factor. and without the verifying status of funds on chain, it’s a trust me bro situation