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How does lending and borrowing work in DeFi? 🤔
Decentralized finance (DeFi) has opened the door to a new way of using your money… without banks, without paperwork, and without permission.
Two of its most well-known pillars are the 𝗹𝗲𝗻𝗱𝗶𝗻𝗴 ( and the 𝗯𝗼𝗿𝗿𝗼𝘄𝗶𝗻𝗴 ).
The Lending: borrow to make your cryptos fruitful
You can deposit your cryptocurrencies ( such as USDT, DAI, or ETH) on a DeFi platform — for example Aave, Compound, or Venus.
These platforms will then 𝗽𝗹𝗮𝗰𝗲 𝘆𝗼𝘂𝗿 𝗳𝘂𝗻𝗱𝘀 at the 𝗱𝗶𝘀𝗽𝗼𝘀𝗮𝗹 of 𝗼𝘁𝗵𝗲𝗿 𝘂𝘀𝗲𝗿𝘀. In exchange, you 𝗲𝗮𝗿𝗻 𝗶𝗻𝘁𝗲𝗿𝗲
View OriginalDecentralized finance (DeFi) has opened the door to a new way of using your money… without banks, without paperwork, and without permission.
Two of its most well-known pillars are the 𝗹𝗲𝗻𝗱𝗶𝗻𝗴 ( and the 𝗯𝗼𝗿𝗿𝗼𝘄𝗶𝗻𝗴 ).
The Lending: borrow to make your cryptos fruitful
You can deposit your cryptocurrencies ( such as USDT, DAI, or ETH) on a DeFi platform — for example Aave, Compound, or Venus.
These platforms will then 𝗽𝗹𝗮𝗰𝗲 𝘆𝗼𝘂𝗿 𝗳𝘂𝗻𝗱𝘀 at the 𝗱𝗶𝘀𝗽𝗼𝘀𝗮𝗹 of 𝗼𝘁𝗵𝗲𝗿 𝘂𝘀𝗲𝗿𝘀. In exchange, you 𝗲𝗮𝗿𝗻 𝗶𝗻𝘁𝗲𝗿𝗲



