Crypto holders often face a difficult choice when they need liquidity: sell their assets or find another way to access their value. For ETH holders who want to maintain exposure to Ethereum, crypto-backed lending offers another option. Instead of selling ETH, a borrower can pledge it as collateral and borrow a stablecoin such as USDC. The borrowed funds can then be transferred, spent, or used according to the platform's terms, while the borrower retains exposure to the potential future price movement of their ETH. This approach can be useful, but it is important to understand that borrowing against crypto is…
