what is defi lending pool ?

Rahul Bose05 May, 2023Business

Decentralized finance (DeFi) lending is a type of peer-to-peer lending that allows individuals to lend and borrow cryptocurrency without the need for traditional financial intermediaries such as banks. Instead, DeFi lending relies on smart contracts, which are self-executing contracts with the terms of the agreement between the borrower and lender directly written into code. These smart contracts are stored on a blockchain, making the lending process transparent, secure, and accessible to anyone with an internet connection.