Are you telling me I can get a loan - say for a car - using DeFi right now?
You can do this using cryptocurrency that's being loaned out to you under the protocols of a decentralised application. No centralised control, everything is automatic, and there are no central servers - you can do all this just by running code as smart contracts on a blockchain.
And you mean "I can get a loan of X amount of money for X amount of collateral, yes."
What use is that to me!? Total horsesh*%t.
This whole thing is the biggest financial joke of our generation.