What Are DeFi Loans and How Do They Work? A Comprehensive Guide Introduction DeFi or decentralized finance has revolutionized the world of finance by offering decentralized alternatives to traditional banking products. The most prevalent application field in DeFi is lending and borrowing, through which the lenders make funds available to the borrowers without the mediation of any centralized authority like a bank. DeFi lending has brought about new paradigms in finance by the use of blockchain and smart contracts. This article discusses what DeFi loans are, how they operate, and both their potential pros and cons. What Are DeFi Loans…
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