Lending platforms are services that facilitate the borrowing and lending of digital assets between users. These platforms can be centralized, acting as intermediaries, or decentralized, operating via smart contracts. They enable users to earn interest on their holdings or obtain loans against collateral.
Context
Lending platforms are frequently discussed in crypto news due to their central role in the decentralized finance and centralized finance ecosystems. Reports often cover their interest rates, security measures, and the various digital assets supported. The performance and regulatory status of these platforms significantly influence market liquidity and user participation.
Centralized finance (CeFi) lending in crypto has surged to $23.58 billion, signaling a growing embrace of digital assets by traditional financial institutions.
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