[toolz]

Can you provide an example of someone claiming defi can provide solutions for loans?

The best I can come up with logically is something like cardano's prism that effectively puts a persons encrypted identity on the blockchain which allows that person to reveal things like their grades etc. to future partners as a means of quickly establishing trust. Maybe something like that could enable defi loans? Even that is a stretch.

[hervature]

Searching for "DeFi loan" returns a deluge of results with https://defirate.com/loan/ at the top for me. They seem content claiming that secured loans are useful loans.

[spullara]

They are primarily useful when selling the collateral would involve paying income taxes. Instead you borrow against it.