DeFi Lending Platform Enables No-Collateral Loans With New Feature By Cointelegraph

DeFi Lending Platform Enables No-Collateral Loans With New Feature By

DeFi Lending Platform Enables No-Collateral Loans With New Feature

The Aave lending protocol recently launched a new feature called Credit Delegation. This feature allows users to provide peer-to-peer loans with no formal collateral requirements.

Stani Kulechov, the CEO of Aave, explained via Twitter how the system will work. The Credit Delegation feature relies on peers to enter into agreements between each other that allow borrowers to use the lender’s credit line freely.

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