TLDR
New forms of collateral are needed to expand credit in the crypto market. The next step in DeFi is to create new types of collateral and new assets for the transfer of risk to investors that are willing to take it. Stablecoins became a trend because they can also be used as collateral for loans and expand the balance sheets of services such as Maker or Compound. A well functioning fixed income market will create a more efficient DeFi market since it will become easier for investors to model and price risk.via the TL;DR App
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