Oracle-Free
Review
Pros & Cons
Key Benefits
Timeswap eliminates oracle risks, increasing security and reliability in DeFi.
Safe Borrowing
Loans can't be liquidated, offering a safer environment for borrowers.
Fixed Terms
Loans have set durations and rates, aiding in long-term financial planning.
Fair Rates
Interest rates are market-driven, reflecting true supply and demand.
Red Flags
Withdrawal Slippage
Early withdrawals may cause slippage and financial loss.
Complexity
The platform's unique design may be hard for new or less tech-savvy users.
Collateral Needed
Borrowers must lock in collateral, which could be a barrier for some.
Default Risk
Non-liquidatable loans carry a default risk, possibly deterring lenders.