Crypto P2P Lending up to 9%?

Anyone else do this? Obviously risky. I just started small a couple months ago and so far everything works. I use My Constant since some friends have used it for a year but there are a couple of them out there From their website “All lending is backed by borrower collateral or buy-back guarantee”. Basically the borrower has to front 150% of what they borrow with crypto. Apparently this allows them to not sell crypto but to get cash, potentially to buy more crypto. Loophole to not pay tax I guess. My Constant will force liquidation via smart contracts if the value of crypto falls below the loan amount so seems like your money is protected 4% on cash 6-7% on loans for 30-90 days 9% if you park crypto there Thoughts? I know it’s risky but other options for a passive 6%+? #personalfinance #investments