DeFi Lending and Borrowing Explained

Decentralized Finance (DeFi) Lending and Borrowing refers to the use of blockchain technology to enable peer-to-peer lending and borrowing of assets without the need for intermediaries such as banks. In DeFi lending, individuals can lend their assets (such as cryptocurrencies) to others in exchange for interest. These loans are typically facilitated by smart contracts on a blockchain, which automatically manages the loan terms, including the interest rate and the loan duration. In DeFi borrowing, individuals can borrow assets from others,…