DeFi Mullet

8KhE...dPBE
9 Dec 2022
9

DeFi Mullet is pretty interesting if you take a deep dive into it. Take TribalCredit for example, they are basically a FinTech company but with DeFi backing in just so that we'll have a bridge over the gap we have between DeFi borrowers and the normal non-crypto borrowers. So, here you are borrowing like how you'd borrow from a #DeFi platform ( for the crypto inclined) and borrowing how you would from a #FinTech ( for the non-crypto inclined). This is pretty much the basics so you know with a DeFi backing, there'll be some kind of native token rewards for some tasks performed, like spending, recieving money and all that and when you earn tokens like that they are locked on the DeFI part of this company enabling you to reduce the amount of interest you have to pay for the loan you got and in a way the said company is making from their native token keeping them afloat from bankruptcy. Another good thing attached with DeFi Mullet is the company has a very slim chance of going bankrupt that's because they are making money from the DeFI aspects as well as the FinTech aspect.

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