A DeFi Lending and Borrowing platform represent a Next-Gen bank that uses blockchain technology and smart contracts to provide its services. **The list of advantages offered by a Decentralized Finance Lending and Borrowing platform ** * All the...
A DeFi Lending and Borrowing platform represent a Next-Gen bank that uses blockchain technology and smart contracts to provide its services.
The list of advantages offered by a Decentralized Finance Lending and Borrowing platform
DeFI Lending and Borrowing platform development are already being pioneered by Aave, InstaDApp, Dharma, and Maker. Issues like over-collateralization of loans and scalability concerns of blockchain technology need to be solved to ensure rapid growth in the future.
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