Hi, everyone! Lending is a feature on THORChain that has an increased demand and unique characteristics that differentiate it from other protocols. Despite its safety, it receives criticism from outsiders who don't fully understand how it works. If you don't want to miss a great opportunity, learn about it with @Baloneybones from THORChain University.
In this clip:
- Lending protocol over time
- Safety mechanisms in the form of caps
- Lending has already been stress tested and survived
- Speculation on risks and lack of awareness are the major downsides to the lending protocol
The information on lending and its caps, along with other safety mechanisms in THORChain, is part of the learning program soon to be launched by Thorchain University.
Lending has existed for a while and has performed as smoothly as possible, not causing problems to the protocol and working exactly as intended and programmed, throughout different challenges.
Despite the lending protocol having strong mechanisms, there is external speculation that can create fear around using it, mostly due to a lack of understanding of how the protocol works, the caps, and the fact that it has already withstood the test of time.
Many people are missing out on a great opportunity due to fear and lack of awareness. Don't let it be you. Listen to this clip from Chain Chatter.