What are DeFi loans?
2 users upvote it!
1 answer
DeFi loans, or Decentralized Finance, are a form of loans provided through blockchain technology. Unlike traditional financial institutions, DeFi loans are based on decentralized platforms, which means they do not require trust in a central intermediary. As a result, the process of providing loans is more efficient, transparent, and cheaper. All transactions are recorded on the blockchain, ensuring the security and reliability of operations. DeFi loans are becoming increasingly popular among users looking for alternative forms of financing.
DeFi loans, or Decentralized Finance, are a form of loans provided through blockchain technology. Unlike traditional financial institutions, DeFi loans are based on decentralized platforms, which means they do not require trust in a central intermediary. As a result, the process of providing loans is more efficient, transparent, and cheaper. All transactions are recorded on the blockchain, ensuring the security and reliability of operations. DeFi loans are becoming increasingly popular among users looking for alternative forms of financing.
Machine translated