💹 #DeFi: What are #flash #loans
💠 Thanks to #smartcontracts on the #blockchain, there is no need to make a file to convince your #banker of your #solvency. Anyone can interact with a DeFi protocol and #borrow a certain amount of #money, in #exchange for a #collateral #deposit. This is the idea behind DeFi #lending. The rules of the loan and repayment are governed by the code in the blockchain.
https://medium.com/veniceswap/defi-what-are-flash-loans-c82cb32d4deb
💠 Thanks to #smartcontracts on the #blockchain, there is no need to make a file to convince your #banker of your #solvency. Anyone can interact with a DeFi protocol and #borrow a certain amount of #money, in #exchange for a #collateral #deposit. This is the idea behind DeFi #lending. The rules of the loan and repayment are governed by the code in the blockchain.
https://medium.com/veniceswap/defi-what-are-flash-loans-c82cb32d4deb
Medium
DeFi: What are flash loans
In the history of traditional finance, taking out a loan from a bank has always been accompanied by fairly cumbersome administrative…
💥 #Crypto #Lending Explained
🍕 Getting a #BTC or #ETH #loan — or any other type of #cryptocurrency loan on a #DeFi platform — is very quick, as you won’t have to go through any kind of screening. Thanks to #smartcontracts, all a user needs to do is apply for the loan and then send the cryptocurrency they want to use as #collateral to a specific #wallet associated with the lending platform.
https://medium.com/enkronos/crypto-lending-explained-a721220465be
🍕 Getting a #BTC or #ETH #loan — or any other type of #cryptocurrency loan on a #DeFi platform — is very quick, as you won’t have to go through any kind of screening. Thanks to #smartcontracts, all a user needs to do is apply for the loan and then send the cryptocurrency they want to use as #collateral to a specific #wallet associated with the lending platform.
https://medium.com/enkronos/crypto-lending-explained-a721220465be
Medium
Crypto Lending Explained
Cryptocurrency enthusiasts are often encouraged to “HODL” their assets — keeping them safe in a wallet until the price of their chosen…