Borrowing protocols in Decentralized Finance (DeFi) are guided by smart-contracts, where they function as the direct link between the borrower and the lender, thus, eliminating the intermediaries.
The Decentralized Finance (DeFi) environment comprises a fine collection of DApps (Decentralized Apps) that overcome complex direct borrowing challenges. Popular DeFi borrowing platforms like Compound, MakerDAO, and Fulcrum are genius at handling the price fluctuations in crypto assets to ensure that borrowers are not over-collateralized while taking out loans. These platforms also assist borrowers in acquiring assets quickly with little collateral.
borrowing open source projects