1confirmation Founder: Crypto Lending Is About to Be Mainstream Adopted

Odaily Planet Daily reports that Nick Tomaino, founder of 1confirmation, stated on the X platform that crypto lending is about to be mainstreamed. Currently, it is already possible to obtain loans using BTC in the market, similar to using a house for a mortgage. However, non-custodial crypto lending user experience has been an obstacle for many. Centralized services like BlockFi also provide such services but lack transparency and carry high risks, ultimately leading to failure. However, Coinbase now offers on-chain loans in custodial wallets through $Morpho, providing users with a good user experience as well as the transparency and liquidity of on-chain products, which is a disruptive change.