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How can everyday people benefit from Crunch Network?
Many people may not have access to traditional financial services or may not have enough savings to cover unexpected expenses such as medical bills or car repairs.
In such a scenario, they can use the Crunch Network to get liquidity using their cryptocurrency holdings as collateral. For example, if they own Bitcoin, they can supply it to the protocol and borrow against it in case of an emergency.
The average person may not have enough disposable income to invest in stocks or other traditional investment vehicles that require large sums of money.
However, they can use the Crunch Network to earn passive income by supplying crypto holdings as collateral and earning interest on them.
For example, if they own Ether, they can supply it to the Crunch protocol and earn interest (denominated in cTokens) without having to actively manage their asset.
A lot of folks want to pursue higher education but lack access to affordable financing options. In such a scenario, they can use the Crunch Network to borrow funds using their crypto holdings as collateral.
For example, if they own Matic tokens, they can supply them to the Crunch protocol and borrow against them to finance their education.
Overall, the Crunch Network provides a decentralized lending platform that enables people from all walks of life to access funds and earn passive income.