🌐 DeFi & Lending: Bank Without Banks 💸🔑
Imagine you can borrow or lend money without going through a bank 😮.
That's what DeFi offers through the lending & borrowing system!
🔹 Lending → You deposit crypto assets → earn interest 💰
🔹 Borrowing → You can borrow assets with cryptocurrency collateral 🔒
The main advantages 👉 everything is transparent 📖, automatic through smart contracts, and accessible to anyone 24/7 🌍.
⚠️ But remember, if the price of the collateral asset drops drastically, it could lead to liquidation. So you still have to be wise! 😉
🔥 With DeFi lending, you can be you
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