Top 10 Decentralized Finance (DeFi) Lending and Borrowing Platforms in 2020

1. Top 10 DeFi Lending Pla?orms In 2020 Nowadays, DeFi Lending pla?orms have filled the gap in tradi?onal banking. Frequently, it's considered as the new technology for the financial sectors while fulfilling the adop?on of the blockchain and cryptocurrency. It is popularly known as the open finance because it doesn't need any individual third par?es for the financial services. In this ar?cle, we will be going to discuss DeFi lending and the let's get to know about the top DeFi lending pla?orms. DeFi Lending and Borrowing: In the DeFi lending process, the investors and lenders provide a load or deposit fiat currencies for interest through the distributed network and a decentralized ecosystem. On the other side, a single person or business gets money for interest through the decentralized network. Both the lending and borrowing process makes the use of DApps, smart contracts, and other DeFi Protocols. Why Lending for Decentraliza?on? ● Decentralized lending offers various lending opportuni?es and more benefits to the lenders. Here, we have listed some of the benefits of DeFi lending below. Hegde funding. ● Earn your interest by holding crypto assets. ● How Decentralized Finance (DeFi) lending works? The decentralized lending is like pu?ng your hands into the pocket to lend a borrower as much as simple. Moreover, dapps and smart contracts represent your intermediaries and nego?ators. For example, you have been ge?ng a loan of $10000 through a decentralized applica?on (DApp), you just need to press a bu?on on your PC, and that' all.

2. The process is that when you open a DApp which have a smart contract and a pool of borrowers. So click and decide at what interest do you want to provide a loan. Simultaneously, the smart contract automates lending and borrowing agreement. Top DeFi lending pla?orms: A DeFi lending pla?orm is very similar to the tradi?onal lending pla?orm but there is no central authority. Concurrently, all the process is done across the trustless network. However, there are several DeFi lending pla?orms available that I have listed below. ● Aave ● Maker ● Compound ● InstaDApp ● dydx ● Dharma Protocol ● bzx ● Ki?e Fight ● Mainframe Summing Up: These decentralized pla?orms provide various benefits like more security, transparency, and accountability. However, most of them involve the use of cryptocurrency, and it will be a challenge for the people who are not more familiar with it. Moreover, this pla?orm is much efficient than the tradi?onal one that most of them have started to use today. So, are you planning to build a decentralized lending and borrowing pla?orm over the DeFi protocol? Then Osiz Technologies is the best place. We are the top-most decentralized finance (DeFi) lending/borrowing pla?orm development company that offers the best defi lending and borrowing pla?orm development services in a cost-effec?ve way that makes your pla?orm more secure and trust for the users.