You are viewing a single comment's thread from:
RE: SBBank - Simplified deposit process and a friendly reminder about Steem account security
See my edit above. The loans we make are secured as the borrower has to put down sufficient collateral. Borrowers also remain liable in the unlikely event of default.
Ok I will keep an eye on that. Sounds interesting. Are you lending money or sbd to the borrowers?
USD - terms are generally very short term: 1-48 hours. We do face exchange risk if SBD appreciates above a dollar again, but we should be able to handle it.
Thanks for explanation.
Not a problem, feel free to reach out on discord if you have any more questions :)