The Lending/Borrowing market cap today is $3.75 Billion, a 8.6% change in the last 24 hours. Read More about Lending/Borrowing
Lending/borrowing protocols allow users to offer crypto loans by staking their assets in them without the need for a bank account. In return for lending their assets, users are given rewards, usually in the form of the protocol’s native token. These products can be split between centralized and decentralized services. Centralized protocols require customers to undergo a Know-Your-Customer (KYC) process, while decentralized ones merely require users to have a compatible web3 wallet.