I'm interested in understanding how to borrow money through DeFi. Could you explain the process and the steps I need to follow to successfully obtain funds using this decentralized finance method?
7 answers
CryptoLordGuard
Wed Dec 25 2024
After depositing the collateral, proceed to the “borrow” section within the DApp.
KimonoElegant
Tue Dec 24 2024
It is important to review the interest rates carefully before making a decision.
IncheonBeauty
Tue Dec 24 2024
This section will present you with various lending platforms.
Enrico
Tue Dec 24 2024
Select the cryptoasset you are interested in borrowing.
Giulia
Tue Dec 24 2024
Once you have chosen the cryptoasset, you will need to specify the amount you wish to borrow.