All I need is an ETH address and some crypto for the collateral. Whether you believe in the idea of using collateral/taking loans against your investments, what we are seeing is unprecedented access to financial tools for individuals.

Can you put figures to this for example? Assuming I deposit a collateral of 50 USD and I want a loan of 100 USD. If my Eth(Collateral) drops in value and the worth is below 50 USD, that means I have to add more.Am I right? I am interested in this topic and De-Fi. But I have not gotten a good hold of the whole concept.