About Lending on Blockchain
When a financial emergency happens, it takes complicated routines, certain collateral and a long time to borrow money from banks. Blockchain technology builds bridges between lenders and borrowers across the world through smart contracts. Lenders earn interest by depositing their assets into lending dapps, while borrowers can obtain loans without having to negotiate with any agency or individual. Lending becomes easy and fast on blockchains since every step is decentralized. We call it DeFi. Aave Protocol, a decentralized, open-source, and non-custodial money market protocol on Ethereum; dYdX, a decentralized trading platform for Ethereum-based assets; Compound, a money market protocol on Ethereum; Nuo Network, non-custodial way to lend, borrow, trade margin and swap cryptocurrency on blockchain; Fulcrum, a DeFi margin trading and lending dapp on Ethereum; Nexo, an instant cryptocurrency lending Ethereum dapp Want to be a crypto lending provider or borrower? Achieve money liquidity with these DeFi dapps.
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