Even if you borrow 40.3 billion won in DeFi, the 1-year credit limit is a separate agreement.

A DeFi lending market that can currently advance a payments company $30 million in USDC does not guarantee that same borrower a committed credit line for the next year, according to a ChainCatcher op-ed by DeFi and real-world-asset writer nikos. The piece draws a distinction between liquidity existing somewhere in the lending market and a specific firm having secured funds it can draw when needed, arguing that an immediately executable loan and a contract guaranteeing future withdrawal rights are fundamentally different products. Nikos contends that this forward commitment—not spot availability—is what banks actually sell, and that DeFi protocols have yet to replicate it at scale. The argument matters because corporate treasuries need certainty of funding rather than a snapshot of pool depth, and the gap helps explain why institutional borrowers still lean on traditional revolving credit facilities. What to watch is whether DeFi lenders introduce committed or revolving credit lines with fixed terms and pricing, which would mark a step beyond today's variable, utilization-based borrowing.