Tag: Smart Contract

Crypto lending and borrowing represent the confluence of traditional financial services with the innovative world of cryptocurrencies. This mechanism allows cryptocurrency holders to lend their assets to others in exchange for interest payments, while borrowers get access to the funds they need by putting up their crypto as collateral. As we delve into the mechanics of crypto lending and borrowing, it’s evident that this digital finance model holds potential to redefine lending norms. How Crypto Lending Works At its core, crypto lending functions similarly to traditional loans, except that it transpires...