Yeloiier
@disjhccb
DeFi platforms leverage blockchain to enable peer-to-peer lending without traditional banks. Smart contracts automate loan approvals, collateral management, and repayment based on on-chain data (e.g., wallet activity, token holdings). Aave and Compound are leading DeFi lending protocols, allowing users to earn interest on crypto holdings or borrow assets without credit checks, though risks like liquidation cascades remain.
0 reply
0 recast
0 reaction