What is DeFi (Decentralized Finance) and it�s Lending Platforms
Sdlc_corp20 Apr, 2023Computer & Internet
DeFi (Decentralised Finance) is a system of financial applications built on blockchain technology that function decentralised and without the use of intermediaries. DeFi lending platforms are a sort of DeFi application that enables users to lend and borrow cryptocurrency from other users directly. These platforms, which are based on smart contracts, provide greater transparency, flexibility, and accessibility than traditional lending systems.
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