#OnChainLendingSurge

🚨🚨🚨🚨🚨High Risks associated with on-chain lending!!!

📌Volatility: Crypto asset prices can change dramatically, posing a risk of liquidation to borrowers.

📌📌Smart Contract Risks: Smart contract bugs or vulnerabilities can result in a loss of cash.

📌📌📌Regulatory Uncertainty: The legal position of on-chain lending differs per jurisdiction.

🚫🚫🚫 Lenders may experience losses if asset values fluctuate during the lending period.

🚫⛔ Market risks include low liquidity and abrupt surges in demand, which can affect interest rates and availability.

🤝🤝👏On-chain lending is changing the way traditional financial services are delivered by offering borrowers and lenders a decentralized, accessible, and efficient alternative.

Smart contracts enforce the loan terms, reducing human error and administrative costs.

🚨🚨🚨 Conclusion : Loans are not meant for a spending spree, you should have a good and specific reason for taking a loan.

Be responsible with your spending. Spend only what you can afford to let go