Lending (DeFi)

DeFi (Decentralized Finance) lending protocols are designed to allow holders of cryptocurrency or crypto assets to lend to others and earn interest.

Lending within decentralized finance (DeFi) is a complex mix of Smart contracts, DApps (Decentralized Apps), and different DeFi lending protocols that work in tandem to enable traders to lend and earn interest on their assets. Popular DeFi Lending platforms include open-source protocols like MakerDAO and Compound, which allow lending in cryptocurrencies and stable coins. These apps work with multiple algorithms and codes in the background to complete complex transactions without the need for intermediaries.