1Confirmation founder: Crypto loans are about to be adopted by the mainstream

1Confirmation founder Nick Tomaino posted on the X platform that crypto loans are about to be adopted by the mainstream. At present, it is already possible to use BT to obtain loans, just as it is possible to obtain mortgages with houses. On-chain lending secured by cryptocurrency loans has been realized for more than 8 years through products such as MakerDAO and Aave, but the non-custodial user experience has been an obstacle for many people. Centralized services like BlockFi also provide this service, but it is not transparent enough, the risk is too large, and ultimately it leads to failure. Coinbase now provides on-chain loans in custodial wallets through Morpho. Users will get a good user experience and the transparency and liquidity of on-chain products. It is a disruptive change.