COMPLETE guide to Crypto Lending and borrowing
What Are Crypto Loans?
The first thing you need to note about cryptocurrency loans is the definition. Many people who hold crypto assets generally look for options to lock their assets for a longer duration until they achieve price improvements. However, what if you can generate more value from your crypto assets rather than letting them sit idle in wallets? In such cases, you need to look for the best practices and strategies, such as crypto lending, for expanding the value of your crypto assets.
Now, you can understand the basic definition of crypto loans as a form of decentralized finance wherein investors can lend their crypto assets to multiple borrowers. The loans can help investors earn interest payments in return, and you can also term them ‘crypto dividends.’ Various platforms specializing in crypto-backed loans also support the use of stablecoins.