American Bank Deposits Reach All-Time Low - Become Your Own Bank With Collateral Network

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With several high-profile banks collapsing in the past six months, individuals are losing confidence in traditional banking systems. These crashes, alongside poor financial management by governments, have caused some individuals to move to DeFi alternatives. 

The number of people actively using DeFi in 2023 has grown by 7 million in just three years to 8.5 million. While several projects have gained traction, Collateral Network (COLT) is growing significantly faster than the market average, offering a number of advantages over traditional protocols. 

>>BUY COLT TOKENS NOW<<

Collateral Network's unique advantages have made it extremely popular in the DeFi space. Collateral Network looks to change how we interact with assets by creating a new way to raise funds against them. With Collateral Network, DeFi users can raise funds against physical assets like supercars, diamonds, watches and more without pawning the asset. 

Instead, an individual looking to borrow funds can take a loan against their asset on the blockchain. To achieve this, the asset is minted as a fractionalized NFT and sold to lenders who loan cryptocurrency. This process can help borrowers unlock funds in just 24 hours and never impacts their credit rating.

At the same time, lenders can produce a passive income with their loans. Lenders will generate a fixed interest rate each time they lend money until the loan is repaid. If the borrower defaults on their payments, their asset will be sold at auction to reimburse the lender. This ensures they always have their investment returned. 

Due to its rapid growth, COLT tokens have already increased by 177