Yes, that is exactly correct and where the "Self-Paying Loan" feature comes into play.

We will need to do a lot more content and deep-dives on how this contract that we built works. It's really fascinating but can also be complex to understand if you've never used a DeFi loan.

Self-paying collateralized loans are the future of DeFi and PolyCUB will be one of the first platforms to implement it.

Win-win-wins all around.

p.s. the interest that is paid for the loans is paid directly to the Protocol Owned Liquidity. It creates yet another mechanism for building long-term PoL and we didn't mention it in this official post to save some space. Truly amazing

Posted Using LeoFinance ^Beta