#OnChainLendingSurge
✨️What is the meaning of on-chain?
On-chain refers to activities, data, or transactions that occur directly within a blockchain network. In other words, any operation executed on-chain involves interactions that are recorded and verified on the blockchain's immutable ledger.
✨️What Is Crypto Lending?
Crypto lending is the process of depositing crypto currency that is lent out to borrowers in return for regular interest payments. Payments are made in the form of the cryptocurrency that is deposited, typically compounded daily, weekly, or monthly.
✨️What is on-chain crypto?
In blockchain and cryptocurrency, on-chain means an action that is recorded and verified only by the main chain. Off-chain means an action that is recorded and verified by another chain or application and sent to the main chain to be officially recorded.