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Question

What is decentralized lending?


Answers (1)

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Arsalan Afzal
Feb 24, 2022 06:54:51

Decentralized lending is a way of lending money without having to go through a bank or other financial institution. It's done through a decentralized network of computers, rather than a centralized server. This makes it more secure and efficient, as there is no need for a third party to verify or manage the transaction. Decentralized lending is growing in popularity because it offers many benefits over traditional lending methods. For example, it allows borrowers to get loans without having to go through a credit check, and it allows lenders to earn interest on their money without having to worry about losing it in a bank failure.

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