Totally get where you're coming from! But for some folks, it’s all about the potential gains and crypto excitement. Different strokes for different folks, right? 🌍💰

rates will be reduced soon, needed to launch first in order to better negotiate with lenders, since there is no origination or prepayment fees, users can take advantage of lower rates as they are offered app makes liquidation level very clear, users can add collateral at will to lower it if you dont find loans a useful feature thats fine, but many users do

Umm... Not really. As someone who recently worked for a fiat lender, our unsecured loans were at 15%, and that is on the low side, because it was a credit union. Certain collateralized loans had lower rates, but currently only as low as 5.5%-6% for the most qualified borrowers, but you have to remember that the type of collateral most institutions are lending on isn't nearly as volatile as Bitcoin. There is also the issue that Strike doesn't have permission to print money. They have to incentivize lenders to put up 100% of the amount financed, while most traditional institutions only keep reserves of maybe 10% and they get to create the rest of the money out of thin air. Strike, on the other hand, has to offer their lenders an interest rate that is attractive enough to outweigh the opportunity cost of putting the money somewhere else, because they don't get to fund new money into existence like a bank can.