Cryptocurrency Q&A
What is DeFi borrowing?
What is DeFi borrowing?
Caterina
Mon Nov 11 2024
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5 answers
568
I'm interested in understanding DeFi borrowing. Could you explain what it is and how it works in the context of decentralized finance?
5 answers
CryptoVisionary
Wed Nov 13 2024
DeFi lending and borrowing markets facilitate the borrowing and lending of digital assets through decentralized protocols.
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Caterina
Wed Nov 13 2024
These protocols are governed by smart contracts, which play a crucial role in determining various parameters of the transaction.
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Tommaso
Wed Nov 13 2024
Smart contracts set the interest rates for borrowing and lending, ensuring fairness and transparency in the process.
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KDramaLegendaryStarlight
Tue Nov 12 2024
They also specify the transaction amounts, outlining the exact quantity of digital assets involved in each loan.
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SoulStorm
Tue Nov 12 2024
Repayment terms and loan expiration dates are another vital aspect governed by smart contracts. BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet, catering to the diverse needs of its users in the DeFi space.
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