Helio Lending

  The crypto industry is immensely volatile. This is due to both its infancy, and its influx of retail investors. While volatility can be favorable to some (such as day-traders), most people find it uncomfortable and worrisome. As a means of curbing this, developers created coins and tokens that are tied to certain values, allowing for steadiness and peace of mind. There are two main categories of coins that achieve this: stablecoins and elastic supply coins.   Both are designed to be significantly more predictable, and for this reason, they make for fantastic forms of collateral when getting crypto-backed loans. On the surface, they can even seem very similar to each other, but the technology and economic principles behind them are wildly different. So which is the better collateral: stablecoins, or elastic supply coins?   Stablecoins use reserves   Stablecoins, such as Tether, TrueUSD , and Dai, keep their assets at consistent prices by using reserves of fiat mone...

  The topic of student loans is lengthy ground to cover. Among the various facets of these types of loans is the debate between subsidized and unsubsidized. Which one should a student choose? Which one will prove to be more beneficial in the long run?   When choosing a student loan to help you pay for college, the type you decide to take out — whether it be subsidized or unsubsidized — will impact how much you owe after you graduate. Therefore, understanding the differences between the two is important as it will help you determine which is more suitable for you.   Exhibit A: Subsidized   Subsidized loans are specifically for undergraduate students with financial need. It is determined by your attendance cost minus expected family contribution and other types of financial aid. Such examples include scholarships and/or grants. These loans do not accumulate interest during deferment periods or while you are in school half-time at a minimum.   If you qualify for a...

  The practice of lending money has been and continues to be one of the driving forces behind the modern economy. Since debt first became a facilitator for trading, it has been considered a significant component in commerce and investment.   With all this clout, it didn’t take long for the practice to make its way into the crypto market. Since around 2010, the potential establishment of “bitcoin banks ” has become a popular topic among numerous forums. Not too long after, people started offering P2P lending services to extract returns on their holdings. This particular space has since evolved to include a wide variety of businesses.   Crypto lending and borrowing have numerous advantages, and these advantages could attract new users. Moreover, it can help expand the ecosystem as a whole.   Attracting banks   One notable change in the crypto sector is that traditional banks may start taking an interest in the system. Rates on fiat loans are at historically low le...

    Oftentimes when people need money, the last thing they consider is seeking a line of credit. However, it is a critical component when applying for a loan.   What is it?   A line of credit ( LOC ) is a flexible loan issued by a bank or other financial institution. Much like credit cards that offer a limited amount of funds – ones that you can use however and whenever you like – a LOC is a specific amount of money that one can access as needed. They can be repaid either immediately or over a pre-established period of time.   With loans , a line of credit typically charges interest as soon as money is borrowed. Borrowers must receive approval from the bank, with this consent being a byproduct of the borrower’s credit rating. Alternatively – or additionally – their relationship with the bank. It is important to note that the interest rate is, for the most part, variable. This makes it hard to predict what the money you are borrowing will eventually cost you. ...

  A few years ago, not a lot of people had heard of, let alone were knowledgeable about, decentralized finance (DeFi). It was only discussed in the crypto space, especially in relation to Bitcoin and blockchain technology. However, COVID-19 would change all that.   DeFi Pulse reported that, since May of last year, the total value locked (TVL) in decentralized finance projects rose an incredible 2,000%. For context, TVL refers to the total amount of assets that are being staked in a specific protocol. This value does not necessarily represent the number of outstanding loans, but rather the amount of underlying supply that an application and/or  DeFi  is securing.   The concept of an entirely new financial system has been accompanied by the blockchain space from the outset. For years, this has been a dream for the blockchain community, but that may change very soon. This vision of a new financial system has taken many steps closer to coming true.   Changes in...