kaal:claim:3606663-024

DeFi platforms grant the unbanked access to the loan market by disintermediating existing banks, connecting borrowers and lenders directly in peer to peer networks and accepting digital assets as collateral with far less documentation than banks require.

Source quote, verbatim

DeFi platforms grant the unbanked access to the loan market by disintermediating existing banks. DeFi Dapps connect borrowers and lenders in peer-to-peer networks directly.

From

Kaal, Digital Asset Market Evolution (2020), b) Lending and Borrowing, p. 24
https://ssrn.com/abstract=3606663 · source PDF

Cite as

Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663

Holds when

borrowers excluded from centralized banking for lack of documentation
DeFi lending protocols

Classification

mechanismsupport: argueddefisystemic-riskdecentralization

Verify

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