#OnChainLendingSurge
What is crypto lending?
Crypto lending allows you to lend your cryptocurrencies to others and earn interest. Borrowers use their cryptocurrency as collateral to obtain loans.
How it works
1. Lenders deposit their cryptocurrency on the platform.
2. Borrowers take out loans and pay interest.
3. Platforms (or smart contracts) manage the process.
Benefits
• Earn interest: your cryptocurrency works for you, generating passive income.