#OnChainLendingSurge

What is crypto lending and how does it work?

Crypto lending is a process where cryptocurrency is lent to borrowers in return for regular compensation.

There are two main types of crypto lending platforms: decentralized and centralized.

Crypto lending platforms provide opportunities for users to borrow against placed crypto assets and the ability to lend out crypto to receive compensation in the form of crypto rewards.

Crypto lending is a financial transaction where one party lends cryptocurrency to another party in exchange for compensation. This process is similar to traditional lending, but instead of banks, crypto lending is facilitated by crypto lending platforms. These platforms can be either centralized or decentralized, providing different benefits and risks. The compensation rates for crypto lending typically range between 1-20% APY/APR, varying based on the platform and the type of cryptocurrency involved