On-chain lending and borrowing is an innovative new way to access and deploy capital. In order to help maintain safety and abide by the jurisdiction of each market, you may be required to KYC in order to verify your identity. Additional steps may be taken by the market owner to assess risk and resolve issues involving default. For USDC.Homes, that may include foreclosure and legal process, or in the case of BNPL NFTs, liquidation of digital assets. Above all, we encourage users to plan their finances responsibly.