Report: The encryption loan industry has borrowed $4.7 billion, but less than 2% profit

According to CoinDesk, a new report from the Graychain on the encrypted mortgage industry shows that many loans are issued through cryptocurrencies, but lenders do not get much profit. The report said that the industry has estimated that it has borrowed $4.7 billion since its birth, but only earned $86 million in interest, a return of only 1.8%, although loans usually give borrowers an annual interest rate of 6% to 10%. .