After SALT Lending, the world’s first crypto-backed loan launched in 2016, other digital asset-backed loan platforms have launched. Interestingly, the new ones bring to the table decentralized finance (DeFi) to transform how individuals interact with financial systems. One of them is Aave, formerly known as ETHLend, which offers users the ability to lend and borrow cryptocurrencies … Read more
Crypto lending platforms have changed the way we see digital assets. It refined the capabilities of decentralized finance (DeFi) and centralized finance (CeFi) ecosystems, enabling users to earn interest on their digital assets or borrow funds using cryptocurrency as collateral. Disclaimer: Always conduct thorough research and never commit more capital than you can afford to … Read more
The fact that financial regulators around the world have yet to solidify their stances on crypto lending makes crypto lending risky. Other risks associated with it include volatility, security risks, interest rate fluctuations, and lack of insurance. We will explain all the challenges of using crypto lending both for the lenders and borrowers. Challenges of Crypto … Read more