In Crypto finance, people can lend and borrow their cryptocurrencies or fiat money using digital assets as collateral, similar to how traditional banks work for loans. However, in decentralized finance lending and borrowing happens without any centralized authorities. Rather than everything is governed by smart contracts on the blockchain that ensures transparency and security for all transactions.
DeFi platforms permit users to access loans or earn passive income without relying on traditional financial institutions. With flexible terms and competitive rates, these platforms provide users with more control over their assets. Whether you want to lend or borrow, DeFi provides a new level of freedom in the financial world.
If you're looking to launch your own DeFi lending and borrowing platform, Maticz is the perfect partner to help you take your business to the next level.
