Forget permission-less leverage; asset-backed financing and factoring looks suited for Open Finance disruption

DeFi ProtocolsJanuary 3, 2020, 6:00AM EST
UPDATED: March 16, 2022, 2:48PM EDT
Forget permission-less leverage; asset-backed financing and factoring looks suited for Open Finance disruption
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What's interesting to me is the solution, while a test pilot, seems to paint a path to where Open Finance lending protocols could one day be used for all sorts of asset-based, and structured product lending functions. Which feels more innovative, and actually useful, than say 150% leverage on ether holdings that the current non-custodial lending systems offer.

Anyways, I'm scheduled to talk with both teams later this month; I'll be sure to follow up with anything noteworthy in a future column.

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