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#OnChainLendingSurge On-chain lending has seen significant growth, driven by the increasing adoption of decentralized finance (DeFi) platforms. This surge is attributed to various factors, including: - Improved Accessibility: On-chain lending platforms provide users with easy access to lending and borrowing services, eliminating the need for traditional financial intermediaries. - Increased Security: Blockchain technology ensures secure and transparent transactions, reducing the risk of fraud and default. - Higher Yields: DeFi platforms offer competitive interest rates, attracting users seeking higher returns on their investments. EnsoFi, a peer-to-peer lending protocol, is a notable example of an on-chain lending platform. It allows users to lend and borrow assets across different blockchain ecosystems, eliminating the need for complex asset bridging between chains ¹. The surge in on-chain lending has also led to the development of new platforms and protocols, such as cross-chain lending platforms, which enable users to borrow assets on one blockchain while using collateral on another.
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