DeFi Lending

DeFi lending is a system where individuals can lend their cryptocurrencies to others through automated platforms called smart contracts on blockchain networks. Lenders earn interest on their assets, while borrowers access funds without traditional banks. The process is transparent, secure, and operates 24/7 since it’s decentralized. It replaces traditional financial intermediaries with code, reducing costs and increasing accessibility, especially for those without access to conventional banking. Overall, DeFi lending offers a streamlined way to earn interest or borrow digital assets using blockchain technology.