1. DeFi is too over-collateralized, where one has to put > 100% of their loan amount as the collateral, making it unviable for real use cases, leading to only speculative use cases.
2. On-chain reputation and credit scores might solve this in the future, but not in the near term.
A potential solution would be to:
1. Accept Capital and Liquidity from DeFi, where primary and secondary marketplaces of loans can be created.
2. A FinTech does collateral and profile underwriting and KYC to ensure legal compliance and enforceability and acts as a Frontend.
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