In on-chain lending, we’ve spent years asking: “What’s the collateral, and how risky is it?” But we’ve largely ignored an equally important question: “Who’s the borrower?” With liquid crypto collateral, that’s usually fine. If the borrower mismanages risk, they get liquidated and lenders are (ho
@defi_dad·Jul 21, 2026·2 sources·neutral
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The article argues that in on-chain lending, especially with RWAs, borrower risk management is as important as collateral quality, citing 3F's permissioned borrow markets like wFalconX.
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In on-chain lending, we’ve spent years asking: “What’s the collateral, and how risky is it?” But we’ve largely ignored an equally important question: “Who’s the borrower?” With liquid crypto collateral, that’s usually fine. If the borrower mismanages risk, they get liquidated and lenders are (ho
@defi_dad
Jul 21, 2026
RT @sonyasunkim: In on-chain lending, we’ve spent years asking: “What’s the collateral, and how risky is it?” But we’ve largely ignored a…
@defi_dad
Jul 21, 2026