Questions tagged [defi]

DiamondStorm Mon Dec 23 2024 | 7 answers 1380

DeFi lending in Bitcoin refers to the use of decentralized finance (DeFi) applications to facilitate lending and borrowing of Bitcoin. This allows individuals to earn interest on their Bitcoin holdings by lending them out, or to borrow Bitcoin for various purposes such as investing or paying expenses. DeFi lending platforms utilize smart contracts on the blockchain to manage these transactions, providing a secure and transparent way to engage in financial activities without the need for traditional banks or financial institutions.

BonsaiGrace Mon Dec 23 2024 | 7 answers 1915

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?

BlockchainBaron Sun Dec 15 2024 | 5 answers 1358

I'm interested in understanding the process of borrowing money through DeFi. Could you outline the steps and any requirements or considerations I should be aware of when attempting to do so?

TaekwondoMaster Sun Dec 15 2024 | 5 answers 1310

I've been hearing a lot about DeFi recently, especially DeFi mining. I'm curious to know what DeFi mining actually is and how it works in the decentralized finance ecosystem.

SophieJones Sun Dec 15 2024 | 7 answers 1202

I'm interested in understanding DeFi lending collateral. Could you explain what it is and how it works in the context of decentralized finance?