DeFi lending and borrowing platform are integrated with Smart contracts and eliminate the need for any central authority. However, a borrower can easily get a loan through his decentralized system and the process is officially known as Decentralized Finance P2P lending. The platform provides highly sturdy security features. The major advantage is that they are compatible with an extensive list of fiat & digital currencies.
This topic was modified 1 year, 12 months ago by Darlydixonj.