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A comment on An engineer's observations on Web3 and its possibilities. Parent comment

Re:An engineer's observations on Web3 and its possibilities by hervature on Tuesday November 23, 2021 @04:43PM (#29323929)
Searching for "DeFi loan" returns a deluge of results with https://defirate.com/loan/ at the top for me. They seem content claiming that secured loans are useful loans.
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Re:An engineer's observations on Web3 and its possibilities by spullara on Tuesday November 23, 2021 @06:36PM (#29325016)
They are primarily useful when selling the collateral would involve paying income taxes. Instead you borrow against it.
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