#OnChainLendingSurge

Hello dear friends.

Today the Whole World🗺️ lives on credit.

At the moment, loans are an integral part of the entire financial world.

How does it work?

Crypto lending works by placing cryptocurrencies on a lending platform. After placement, these cryptocurrencies can be borrowed by other users. Most crypto lending platforms require borrowers to return the borrowed cryptocurrency and compensation within a predetermined period.

In other words, if you take a loan for a certain amount, you will have to repay that same amount + interest.

In principle, there is nothing wrong with that. Credit allows you to develop. But it is still worth considering the risks.

Good luck, friends.