@0xcaled
HOW DEFI BORROWING PLATFORM WORK [ @aave X @AvalancheFDN ]
Sometimes the crypto industry hit us hard that we loose our ourselves, and our funds, mostly our funds though.
But the space is more advanced now. We have many protocols that solves most of all crypto problems. From trading, to borrowing, to staking and so much more.
Today, we'll be looking at one aspect of these defi protocols. Which is "Defi borrowing platforms".
In this write up. We will also be featuring one defi borrowing platform called @aave , because it is integrated with @AvalancheFDN and it is one of the best defi borrowing platforms in the space.
But firstly, What are DEFI BORROWING PLATFORMS?
They are smart contract system that let users deposit crypto as collateral, borrow other assets against it, and earn yield by supplying liquidity to the platform.
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https://x.com/0xcaled/status/2000202525878690061
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