Introduction to DeFi Lending: Exploring the Basics
In recent years, decentralized finance has emerged as a groundbreaking concept, revolutionizing the way we interact with financial services. Among the various offerings within the DeFi ecosystem, Decentralized Finance lending has gained significant popularity. In this article, we will delve into the fundamentals of DeFi lending, its benefits, risks, and its potential impact on the financial landscape.
Understanding Decentralized Finance (DeFi)
DeFi refers to a decentralized ecosystem of financial applications built on blockchain technology. It aims to provide open, permissionless, and inclusive financial services, eliminating intermediaries and enabling peer-to-peer transactions. DeFi offers numerous advantages over traditional finance, including increased accessibility, transparency, an...