Decentralized Finance (DeFi) Lending (4/7)

DeFi lending platforms enable users to lend their cryptocurrency assets and earn interest over time. These platforms typically operate on smart contracts, eliminating the need for intermediaries. By lending your crypto holdings to borrowers on these platforms, you can earn interest on your holdings, creating a consistent passive income stream. However, it’s important to assess the platform’s security, reputation, and the risks associated with lending.